Banks and Financial Institutions have requested to conduct electronic transactions (Online Payment System) throughout the country, saying that the transaction can be transmitted by Coronavirus. Releasing a statement today, Nepal Bankers Association, Development Bankers Association Nepal, Nepal Financial Institutions Association have jointly requested the same.
It has also made it clear that there will be no charge for transactions made through various electronic media, including the Internet and mobile. No bank or financial institution card will be charged at any other bank and financial institution using ATM. The service mentions a fee that will not be charged until further information is published in those facilities.
ATM Cards, Mobile Banks and Internet Banks are free of charge. Banks and financial institutions have waived the charges until further notice, encouraging customers to do electronic business to avoid the risk of Covid-19.
It was also jointly issued by the Commercial Bank, Development Bank, and Finance Companies Association to reduce congestion in the branches and encourage electronic business. At this time, they have also asked to do banking business through ATM card and mobile and internet. Banks are also urging them to reduce the use of corona on paper notes. 'Since banknotes can also be a means of increasing inflation; Wherever possible, we request that all use card and electronic means instead of note transactions, 'the statement said.
Now one bank's ATM card will not be charged even if you withdraw money from another bank and financial institution's ATM card. "The business is made free so that customers can withdraw money from the ATMs of their respective locations," said Anil Sharma, executive director of Bankers' Association. This feature is available only at ATMs within Nepal. Such businesses used outside Nepal will be charged a fee.
"There will be no charge for the connected IPS service provided by Nepal Clearing House," the release said. Banks and financial institutions have also requested that the customer having internet / mobile banking service forget their password or any other technical problem, by phone at the concerned branch.
The Securities Board, the regulatory body of the capital market, has also urged investors not to crowd into the broker's office and trade shares online.
