Electronic Fund TransferEFT

EFT is a broad term covering many payment methods:

• Interbank transfers through RTGS for high-value payments.
• Transfers through NCHL-IPS and connectIPS, including direct credits and direct debits.
• Card payments at POS terminals and ATM withdrawals.
• Mobile and internet banking transfers.
• Wallet transfers and QR payments.
• Cross-border transfers through SWIFT and remittance networks.

EFT is faster, cheaper and safer than paper-based payments, creates an electronic audit trail useful for AML/CFT monitoring and reduces cash handling. Its risks include cyber fraud, unauthorised transfers and system outages.

In Nepal, the legal basis for electronic payments includes the Electronic Transactions Act, 2063, which gives legal recognition to electronic records and digital signatures, and the Payment and Settlement Act, 2075, which governs payment systems and their operators and providers, along with NRB's directives. The Payment and Settlement Act also addresses finality of settlement and liability for unauthorised electronic transfers.

EFT व्यापक शब्द हो: RTGS बाट ठूला अन्तरबैंक रकमान्तर, NCHL-IPS र connectIPS (प्रत्यक्ष क्रेडिट/डेबिट), POS र एटिएम कार्ड कारोबार, मोबाइल र इन्टरनेट बैंकिङ, वालेट र क्युआर भुक्तानी तथा SWIFT र विप्रेषण नेटवर्कमार्फत सीमापार रकमान्तर।

EFT कागजी भुक्तानीभन्दा छिटो, सस्तो र सुरक्षित हुन्छ, AML/CFT अनुगमनका लागि विद्युतीय अभिलेख छोड्छ र नगद कारोबार घटाउँछ। जोखिम: साइबर ठगी, अनधिकृत रकमान्तर र प्रणाली अवरोध। नेपालमा विद्युतीय कारोबार ऐन, २०६३ ले विद्युतीय अभिलेख र डिजिटल हस्ताक्षरलाई कानुनी मान्यता दिन्छ र भुक्तानी तथा फर्छ्यौट ऐन, २०७५ ले भुक्तानी प्रणाली नियमन गर्छ।