Archive · 10 Jan 2026
Nepal Limits Cash Transactions to Rs 3 Lakh
The Nepali government has set a new rule that limits cash transactions to NPR 500,000 (about Rs 3,13,287.52) for buying or selling goods and services.
This rule starts on January 15 and is meant to stop illegal activities like money laundering.
The government said this is allowed by a law from 2008.
There are some exceptions, like depositing money in a bank or paying back loans.
The central bank also said that for transactions above NPR 500,000, people must use cheques or direct bank transfers.
This is to make sure money is tracked and not used for bad things.
Nepal imposes a cash transaction limit of NPR 500,000 (Rs 3,13,287.52) for goods and services.
The rule is effective from January 15 to curb money laundering and terrorist financing.
Exceptions include deposits, loan repayments, inter-bank transactions, and cash possession/transportation with disclosure.
Nepal Rastra Bank mandates account-payee cheques or direct deposits for transactions above NPR 500,000.
The decision aligns with the Asset (Money) Laundering Prevention Act, 2008, and Nepal's re-listing on the FATF grey list.
- Who
- Nepali government and Nepal Rastra Bank
- What
- Imposed a limit of NPR 500,000 on cash transactions
- When
- Effective from January 15
- Where
- Nepal
- Why
- To curb money laundering and terrorist financing, and comply with FATF guidelines
- Transaction Limit
- NPR 500,000 (Rs 3,13,287.52)
- Effective Date
- January 15
- Legislation
- Asset (Money) Laundering Prevention Act, 2008
- Exceptions
- Deposits, loan repayments, inter-bank transactions, and cash possession/transportation with disclosure
- Central Bank Directive
- Mandatory account-payee cheques or direct deposits for transactions above NPR 500,000