Oct 17, Kathmandu - Nepal Rastra Bank has increased the daily limit on wallet deposits during the country’s major festivals, aiming to encourage digital payments over cash transactions.

Under an amendment to its Unified Directives on the Payment System, individuals will be able to deposit money into digital wallets up to 50 times a day during Dashain, Tihar and Chhath.

The facility will be available from Ashwin 31 to Kartik 8 and again from Kartik 21 to 29.

Previously, individuals could deposit money into their wallets a maximum of 10 times per day.