Nepal’s Central Bank, Nepal Rashtra Bank (NRDB), has set a limit of INR 100,000 (USD 1,423) per month while making payments for goods and services in India using debit, credit, and other prepaid cards.
However, payments to hotels, hospitals, and pharmacies have been exempted from this limit.
Recently, Nepal banned the use of Indian currency notes of denominations 200, 500 and 2,000 in the country, whilst the Indian currency is widely used in Nepal.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.