Kathmandu: Transaction limit for revenue payment to government-initiated from various channels including Corporatepay and Bank Central have been increased up to Rs two billion.
The increase in transaction limit has been made after consultation with the relevant government agencies, BFIs and with approval from Nepal Rastra Bank, based on which the customers of the BFIs can now initiate revenue payments up to Rs 2 billion per transaction through NCHL Bank Central module for On-Us transaction and initiated through its bank branches.
Similarly, the Corporatepay system will now allow On-Us revenue payment up to Rs 10 million for transactions initiated through public network and up to Rs 50 million for transactions initiated through a private network.
The increased limit is applicable for On-us transactions whereby both the debiting and crediting bank is same, however, for Off-us (different BFIs) transactions, the existing limit of Rs 300 million for non-real-time and Rs two million for real-time shall continue to be applicable.
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