Sending 1 Rupee Costs 11.30 Rupees in Nepal

Unbelievable! Sending 1 Rupee Costs 11.30 Rupees in Nepal – Is This Fair?

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A recent post has gone viral on social media in Nepal, showing a bank transaction where sending 1 rupee results in a charge of 11.30 rupees. This screenshot, showing a transfer from one bank account to another, has sparked widespread criticism among users. Outrage grows as high bank transfer fees leave customers frustrated.

Main Issue in 11.30 rupees charge

The issue arises because transferring money from one bank to another typically involves a service fee of 10 rupees. On top of that, there’s a 13% tax on the service fee. Many people are upset, especially those making small transactions, as even sending a tiny amount results in a relatively large fee.

Sending 1 Rupee Costs 11.30 Rupees in Nepal
Sending 1 Rupee Costs 11.30 Rupees in Nepal

A few weeks ago, Prime Minister KP Sharma Oli commented on the matter, addressing the concern of high fees for mobile banking transfers. He mentioned that discussions were underway to either reduce or completely remove such charges for smaller transactions. The problem has especially affected people who use mobile banking for small payments. However, despite the Prime Minister’s comments, there has been no clear update or action taken by the government or any related authorities.

It’s important to note that while no such charges apply for payments made through merchant QR codes, customers still have to pay these fees when transferring money between personal accounts or when making payments through certain banking methods. The government has also been discouraging businesses from using personal accounts for commercial transactions, which might be another reason behind the charges for personal transfers. As of now, the issue remains unresolved, and people are still waiting for a solution from the government or banks. Lets see how government will handle this 11.30 Rupees issues .

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