Kathmandu. The government has reduced the cash transaction limit from Rs 10 lakh to Rs 500,000. <\/p>\n
According to a notice published in the Nepal Gazette on Thursday, any person, firm, company or institution has to buy or sell any service or goods worth Rs 5 lakh or more at a time through financial institution or banking instrument from January 15. <\/p>\n
in the Notice, except for the following purposes, in the case of <\/span>, Rs. The transaction of Rs 5 lakh or more should be done through banking instruments. <\/p>\n (a) To deposit, save or exchange in a financial institution,<\/p>\n (b) To pay the loan, its principal and interest taken from the financial institution, <\/p>\n (c) To carry out cash transactions between financial institutions, <\/p>\n (d) To keep or move cash from one place to another within the country, <\/p>\n or {{}} cash in excess of the above cash limit {{{TAG_CLOSE_span_10 TAG_OPEN_span_10} with a specifying source and purpose, {{}}<\/p>\n (e) If the details and reasons of an application made by any depositor or saver for cash payment for any specific reason are found to be reasonable, such depositor or <\/p>\n To make cash payments in excess of the mentioned limit to the depositor or saver from the financial institution where the saver has an account.<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. The government has reduced the cash transaction limit from Rs 10 lakh to Rs 500,000. According to a notice published in the Nepal Gazette on Thursday, any person, firm, company or institution has to buy or sell any service or goods worth Rs 5 lakh or more at a time through financial institution or […]<\/p>\n","protected":false},"author":5,"featured_media":209626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45060,45159],"tags":[56046,58954],"class_list":["post-282982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-corporate-en","category-news-en","tag-amlcft-en","tag-nepal-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/282982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=282982"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/282982\/revisions"}],"predecessor-version":[{"id":282984,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/282982\/revisions\/282984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/209626"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=282982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=282982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=282982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}