September 1, Kathmandu.
Kumari Bank Limited has made available the IRD Incentive Program facility on its mobile banking app with the aim of supporting the taxpayer incentive program of the Government of Nepal and the Inland Revenue Department.
Launched through the budget of the fiscal year 2083/84, this program aims to encourage consumers to obtain PAN and VAT bills, as well as promote digital payments, tax compliance, and financial transparency.
Through this facility, Kumari Bank customers in Nepal will automatically be eligible for a prize scheme when they purchase goods or services worth more than Rs. 100 for personal use and make payments via the merchant’s QR Merchant QR.
Customers can easily view the number of eligible transactions, transaction details, and the status of awards received through the IRD Incentive Program menu of the Kumari Smart Savings Mobile Banking app.
This is expected to play a significant role in encouraging customers to make digital payments, obtain PAN and VAT bills, and promote formal transactions.
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As per the arrangement of the Inland Revenue Department, one customer will receive a cash prize of Rs. 1 lakh after tax deduction through a daily lucky draw from eligible transactions, while one lucky customer will receive a bumper prize of Rs. 10 lakh every 15 days.
Kumari Bank has urged customers to make payments through merchant QR, obtain PAN and VAT bills, keep bills safe, and regularly check their eligibility status using the IRD Incentive Program facility.
The bank has expressed confidence that this campaign will expand digital transactions, build a cashless economy, increase tax compliance, and further strengthen financial transparency.
Kumari Bank Limited, which has been continuously providing banking services for the past 25 years, is currently serving millions of customers through its 285 branches, 41 extension counters, 302 ATMs, and 40 branchless banking units spread across the country.
With a commitment to ensure easy, secure, and quality banking access for every Nepali residing anywhere in Nepal, the bank has been expanding its services to urban, semi-urban, and rural areas.
For more: Kumari Bank Launches IRD Incentive Program
