$user = $this->Session->read('Auth.User');
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$groupId = $user['Group']['id'];
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'id' => '10760',
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'title' => 'Central Bank Encourages E-Payment',
'sub_title' => 'Restricts cash withdrawal through credit card to 10 percent',
'summary' => 'May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country.',
'content' => '<p>
May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
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'summary' => 'May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country.',
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
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'summary' => 'May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country.',
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
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'title' => 'Central Bank Encourages E-Payment',
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'summary' => 'May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country.',
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
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<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
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include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time.
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
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<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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'sub_title' => 'Restricts cash withdrawal through credit card to 10 percent',
'summary' => 'May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country.',
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
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May 26: Nepal Rastra Bank (NRB) has issued a new circular to encourage e-payment transaction in the country. According to the new provision of the central bank, credit card holders can now withdraw only 10 percent cash from their credit limit. Analysts say this provision encourages credit card holders to carry out cashless transaction.</p>
<p>
The new directive issued by the central bank’s Payment System Department on Friday, May 24, discourages cash transaction by credit card holders in normal condition. The bank earlier on July 15, 2018 had restricted cash withdrawal from credit cards to 25 percent of the total credit limit.</p>
<p>
According to the bank, it took the measure to significantly reduce cash withdrawal after finding that the credit card users were withdrawing cash massively. The new directive states that the card holders should withdraw 10 percent cash from the credit limit only during emergencies.</p>
<p>
Prepaid card doesn’t have such limitations. At present, debit card users are allowed to withdraw cash from Rs 500 to Rs 25,000 at a time. </p>
<p>
The central bank has made it mandatory to make cash withdrawal from credit cards available even if the issuer and acquirer are from different institutions and that the charges levied for the transaction service should be made public.</p>
<p>
Likewise, the new directive of Nepal Rastra Bank has also notified that pin numbers are not required for the customers in transactions up to Rs 2000 at a time through Near Field Communication Technology (NFCT) card issued by the banks and financial institutions (BFIs). BFIs themselves should manage the risks and transaction number, states the directive.</p>
<p>
Likewise, customers can make a maximum payment of up to 50,000 daily through mobile banking. But in cases where there are no billing system or transaction details available, customers can deposit or withdraw amount worth only Rs 100,000 per month through mobile banking.</p>
<p>
<img alt="" src="/app/webroot/userfiles/images/Clipboard01%2815%29.jpg" style="width: 600px; height: 450px;" /></p>
<p>
</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
