Banking Exam Question - What is Door to Door/Micro Banking? What are it's Provision in Nepal by NRB? Explain

Introduction - Mirco/Door to Door Banking Service in Nepal

Generally, national level banks and financial institutions of 'A', 'B' and 'C' categories have been made legal arrangements for running banking services in the places where the accessibility is not accessible.

• The rotating banking service can be portrayed as a home-to-use service in another word.
• This is a new retention.
• This will provide a necessary banking service by conducting the office through a means of transportation.
• While running the rotating banking service, some policy arrangements and conditions should also be followed, which are as follows:
• This service should be operated or executed in any place in the country, except for the Metropolitan Municipality of Sub-Metropolitan Municipalities, Municipalities and sub-municipalities of the Kathmandu Valley.
• Inviting to banking banking services, cash, routing, vehicle management, employee and other assets must be insurance.
• For this, the security and risk management of the entire security system and the banks and financial institutions themselves should be done.
• The details and effectiveness of the business should be made to make arrangements for immediate customer account.
• It should be accepted by the Government of Nepal, as well as coordinate with police, local bodies.
• The appropriate and effective communication should also be arranged.
• Determination of trade volume should be automatically fixed.
• Only the Nepali Rupees should only be deposited and paid in the walking banking service.
• For this, there should also be arrangements for a guardian with a weapon.
• In the rotating banking service, services of other types of service except for remittance business and deposits can not be operated.
• Software, Database, Network will be the bank, but it needs to be fully protected. Technical management should be tight and durable, otherwise the balance itself will have to be accountable for the damage that can come from it.

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