NRB Reduces Ceiling on Domestic Remittances

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NRB Reduces Ceiling on Domestic Remittances

March 3: The Nepal Rastra Bank (NRB) has reduced the ceiling on domestic remittances. The central bank has reduced the daily limit on remittance from Rs 100,000 to Rs 25,000.    

Issuing a notice on Wednesday, the central bank said that the licensed agents of remittance companies will have to comply with the new rule effective from March 2.
The notice states that the maximum limit of transaction per person per day for internal remittance shall be Rs 25,000.

The central bank however stated that there has been no change in the limit of remittances sent by Nepalis living abroad to their family members or any other beneficiaries in Nepal.    
 

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