Nabil Bank launches Scan & Withdraw

Nabil Bank announced the launch of its Scan & Withdraw - a QR based cash withdrawal facility, on July 28. This facility allows the bank’s customers to withdraw cash up to Rs 100,000 per day and Rs 1 million per month from teller counter without drawing cheque. Customers can scan the QR code placed at the teller counter using Nabil SmartBank app and withdraw the required amount using their mobile banking transaction PIN. Currently this service is available from Kathmandu valley branches only and will soon be available in all branches of Nabil Bank. To ensure health and safety of its customers during the ongoing pandemic, the QR Cash withdrawal facility will reduce contact of customers with the teller as accounting is automatically executed in the banking system and the bank teller just needs to handover the cash to the customer. This service will not just enhance digital banking behaviour of customers, but also provide them flexibility and capability to withdraw cash even when they have forgotten to carry their cheque book or ATM card, reads the press statement. This service is expected to reduce queue at teller counters by reducing turnaround time of processing customer request for cash.