NRB Tightens ATM Withdrawal Limits — Maximum NPR 20,000 per Transaction

Kathmandu, October 10 — The Nepal Rastra Bank (NRB) has introduced stricter limits on cash withdrawals from ATMs. Under the new rule, customers can now withdraw a maximum of NPR 20,000 per transaction.

In a circular issued today to all banks and financial institutions, NRB also set a daily withdrawal limit of NPR 50,000 and a monthly limit of NPR 300,000 through ATMs.

The central bank stated that the decision aims to promote digital transactions and discourage excessive cash withdrawals. The circular directs banks to reduce cash-based debit card transactions and to encourage customers to use digital payment systems instead.

Previously, the ATM withdrawal limits were NPR 25,000 per transaction, NPR 100,000 per day, and NPR 400,000 per month. With the new restrictions, customers will need to plan withdrawals more carefully and are expected to shift towards online payment channels.