Know the exact regulatory caps on mobile banking, digital wallets, connectIPS, and ATM cash withdrawals.
NRB Digital Transaction Limits are mandatory regulatory thresholds established by Nepal Rastra Bank's Payment Systems Department governing the maximum amount of money an individual can transfer, pay, or withdraw through digital channels (mobile banking, wallets, payment gateways, ATMs) per transaction, per day, and per month.
If you are purchasing land, paying hospital bills, or booking international tour packages, hitting an unexpected daily limit can freeze your transaction at a critical moment. Conversely, knowing that wallet limits cap exposure to NPR 1,00,000 per day reassures consumers that a lost phone cannot drain multi-million rupee savings accounts in one go.
An unverified wallet user is restricted to minimal amounts. Submitting citizenship and biometric KYC unlocks the statutory NPR 1 Lakh daily and NPR 5 Lakh monthly wallet ceilings.
Systems monitor both per-click thresholds (e.g. max NPR 25,000 per transfer in a wallet) and cumulative 24-hour totals (max NPR 1,00,000 in 24 hours).
When you need to transfer NPR 8 Lakh for a car down-payment, mobile banking will reject it (capped at 3 Lakh). Selecting connectIPS web (capped at 20 Lakh) allows smooth execution.
Transaction fees follow NRB fee ceilings: ATM cash withdrawals at other bank ATMs cost maximum NPR 15 (after 2 free transactions per month), while connectIPS caps fees at NPR 8.
| Channel / Instrument | Per-Transaction Cap | Daily Maximum Limit | Monthly Maximum Limit | Permitted Service Fee |
|---|---|---|---|---|
| Mobile Banking (P2P) | NPR 1,00,000 to 2,00,000 | NPR 3,00,000 / day | NPR 30,00,000 / month | NPR 10 to NPR 11 max |
| Mobile Banking (QR Pay) | NPR 1,00,000 to 2,00,000 | NPR 3,00,000 / day | NPR 30,00,000 / month | NPR 0 (Free for consumers) |
| connectIPS (Web Portal) | NPR 10,00,000 / click | NPR 20,00,000 / day | No monthly ceiling | NPR 2 to NPR 8 flat |
| connectIPS (Mobile App) | NPR 1,00,000 / click | NPR 2,00,000 / day | No monthly ceiling | NPR 2 to NPR 8 flat |
| Digital Wallets (KYC) | NPR 25,000 / transfer | NPR 1,00,000 / day | NPR 5,00,000 / month | NPR 0 to NPR 10 max |
| ATM Cash Withdrawal | NPR 20,000 to 25,000 | NPR 1,00,000 / day | Card network terms | 2 free/mo, then max NPR 15 |
Nepal Rastra Bank revises digital limits annually in its Monetary Policy and Payment System circulars to encourage a cashless economy while preserving financial stability. During the 2020 pandemic, NRB doubled transaction limits to encourage contactless payments. Furthermore, NRB introduced strict fee protection rules: banks are prohibited from charging customers for internal account balance inquiries, and interbank ATM fees are legally capped at NPR 15 per transaction after two free monthly transactions.
Dipendra had to pay a cement manufacturer NPR 7,50,000 before 4 PM to get delivery trucks rolling. He tried transferring the money through his mobile banking app, but the app flashed an error: "Daily limit of NPR 3,00,000 exceeded!"
Knowing NRB's channel guidelines, Dipendra immediately opened his laptop, logged into the connectIPS web portal where the daily limit is NPR 20,00,000, and transferred the NPR 7,50,000 in a single transaction for an NPR 8 fee. The supplier confirmed credit within 10 seconds.
Goal & Dilemma: Paying an NPR 500,000 supplier invoice digitally without visiting a physical bank branch.
E.g., NPR 3,00,000 for mobile banking or NPR 20,00,000 for connectIPS web.
Sum of all payments completed within the current 24-hour cycle.
Daily mobile banking cap = NPR 3,00,000. Transferred NPR 1,20,000 for rent and NPR 50,000 for school fees. Remaining Headroom = 3,00,000 - (1,20,000 + 50,000) = NPR 1,30,000. Any transaction above NPR 1,30,000 will be declined until midnight!
Waiting until the last minute to make large payments on mobile banking without checking caps.
Use connectIPS web for transactions between NPR 3 Lakh and NPR 20 Lakh.
Operating unverified digital wallets and wondering why transfers above NPR 5,000 fail.
Complete digital biometric KYC verification in your wallet to unlock full statutory limits.
Paying high interbank ATM charges by using rival ATMs frequently.
Plan cash withdrawals to use your own bank's ATMs or stay within the 2 free monthly interbank withdrawals.
Generally no for personal mobile banking retail apps, as NPR 3 Lakh is set by NRB regulation. However, banks can onboard corporate clients onto CorporatePAY where customized multi-crore institutional limits apply.
Daily digital limits in Nepali banks and wallets reset at midnight (12:00 AM) Nepal Standard Time every day.
There is generally no incoming limit for legitimate personal savings deposits in commercial banks, provided the source of funds complies with tax laws and AML regulations.
Under Nepal Rastra Bank directives, the daily cash withdrawal limit from ATMs is NPR 1,00,000 per card, with a single-transaction limit of NPR 20,000 to 25,000.
Under current NRB regulations, wallet-to-wallet or wallet-to-bank transfers are capped at NPR 25,000 per transaction, NPR 50,000 to 100,000 per day, and NPR 5,00,000 per month for fully KYC-verified individual users.