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NRB Instructs Banks to Open More Branches for Tax Collection

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NRB Instructs Banks to Open More Branches for Tax Collection
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September 8: Nepal Rastra Bank (NRB) has instructed banks and financial institutions (BFIs) involved in revenue collection to open all the counters for three days starting from Tuesday (September 8).

The central bank issued such directive on Monday to boost revenue collection as the deadline approaches. The government has ordered taxpayers to pay the tax by September 10.

Issuing a circular on Monday (September 7), the BFI Regulation Department of central bank ordered BFIs and other related organisations to remain open from September 8 to 10 for revenue collection.

All the banks as well as clearing houses have been instructed to open their branches amid concerns of risk posed by Covid-19.

Currently, banks and financial institutions are providing their services through limited number of branches owing to the coronavirus crisis.

They have not been able to provide full-fledged services due to the high risk of coronavirus infection.

The BFIs have been instructed to open more branches to avoid overcrowding.

 

 

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