NRB mandates banks to render specified services during sudden public holidays

Nepal Rastra Bank (NRB) has revised provisions about office hours of banks and financial institutions, making it mandatory for them to render certain kinds of services during sudden public holidays.

The NRB fixes certain hours (10:00 am-1:30 pm) for banks and financial institutions to ensure most essential services such as cash transactions, cheque clearance and real-time gross settlement during sudden public holidays.

Earlier, banks and financial institutions were required to pre-inform the Bank and Financial Institutions Regulation Department and Bank Supervision Department, NRB to render services during such holidays.