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March 31: Nepal Rastra Bank has extended the time period for the operation of Real Time Gross Settlement (RTGS) system due to the increase in transactions through the system.
Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm.
Currently, RTGS system can be used to transact more than Rs 200,000 electronically. Currently, banks and financial institutions are using RTGS for most of the electronic payments.
According to the central bank, Rs 3.13 trillion was transacted through RTGS in January 2022 alone. A total of Rs 57.64 billion was transacted through this system in the previous year.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, Rs 3.13 trillion was transacted through RTGS in January 2022 alone. A total of Rs 57.64 billion was transacted through this system in the previous year. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Currently, RTGS system can be used to transact more than Rs 200,000 electronically. Currently, banks and financial institutions are using RTGS for most of the electronic payments.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, Rs 3.13 trillion was transacted through RTGS in January 2022 alone. A total of Rs 57.64 billion was transacted through this system in the previous year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Recently, the government and NRB have discouraged cash transactions and given priority to electronic payments. The general public is also attracted to the use of electronic payments such as mobile wallets, cards, mobile banking and connect IPS. </span></span></span></span></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
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Currently, RTGS system can be used to transact more than Rs 200,000 electronically. Currently, banks and financial institutions are using RTGS for most of the electronic payments.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, Rs 3.13 trillion was transacted through RTGS in January 2022 alone. A total of Rs 57.64 billion was transacted through this system in the previous year. </span></span></span></span></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
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
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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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm. </span></span></span></span></p>
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 31: Nepal Rastra Bank has extended the time period for the operation of Real Time Gross Settlement (RTGS) system due to the increase in transactions through the system. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issuing a notice on Wednesday, Nepal Rastra Bank (NRB) informed that the new trading hours will be implemented from May 15. According to the notice, transactions can be done from 9 am to 5 pm from Sunday to Thursday from January 30 to November 1. The system will be operational from 9 am to 4 pm from November 2 to January 29. On Fridays, transactions can be done from 9 am to 1:30 pm. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Currently, RTGS system can be used to transact more than Rs 200,000 electronically. Currently, banks and financial institutions are using RTGS for most of the electronic payments.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the central bank, Rs 3.13 trillion was transacted through RTGS in January 2022 alone. A total of Rs 57.64 billion was transacted through this system in the previous year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Recently, the government and NRB have discouraged cash transactions and given priority to electronic payments. The general public is also attracted to the use of electronic payments such as mobile wallets, cards, mobile banking and connect IPS. </span></span></span></span></p>
<p> </p>
<p> </p>
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