{"id":2323,"date":"2026-10-11T10:32:41","date_gmt":"2026-10-11T10:32:41","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=2323"},"modified":"2026-10-11T10:32:41","modified_gmt":"2026-10-11T10:32:41","slug":"banking-transactions-pick-up-as-dashain-begins-how-much-will-cash-demand-increase","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=2323","title":{"rendered":"Banking Transactions Pick Up as Dashain Begins: How Much Will Cash Demand Increase?"},"content":{"rendered":"

\"\"<\/a><\/strong><\/p>\n

Banking Khabar \/<\/strong> Nepal\u2019s biggest Hindu festival, Dashain, begins on Sunday with Ghatasthapana. As the festive season gets underway, demand for cash is expected to rise due to shopping, family gatherings, travel and the tradition of giving money as Dakshina<\/em>. This is also expected to bring seasonal changes to the banking system. Nepal Rastra Bank (NRB) anticipates an increase in currency in circulation during Dashain. However, the actual extent of the rise in cash demand will become clear only after data from the festive period becomes available.<\/p>\n

According to Nepal Rastra Bank spokesperson Guru Prasad Poudel, currency in circulation in the country had reached Rs. 794 billion as of the end of Bhadra 2083. The central bank estimates that this amount could increase by around 8 to 10 percent during Dashain. However, this is an estimate by the central bank, not a confirmed figure showing that currency in circulation has already increased by that amount.<\/p>\n

An increase in currency in circulation and growth in deposits held by banks and financial institutions are two different matters. During Dashain, people withdraw money from banks, spend the cash they hold, and merchants redeposit the money they receive from sales. Therefore, although cash demand is likely to rise, its overall impact on banking system liquidity will depend on other financial activities as well.<\/p>\n

Why Does Cash Demand Increase During Dashain?<\/h2>\n

The tradition of purchasing new clothes, groceries, gifts and other essentials, covering travel expenses and giving Dakshina<\/em> to family members and relatives increases the need for cash during Dashain. Cash remains particularly important for small shops, rural markets and businesses that primarily conduct transactions in physical currency.<\/p>\n

Demand for small-denomination banknotes also tends to increase during the festival. Because people traditionally give new banknotes as Dakshina<\/em> while receiving Tika, many seek notes worth Rs. 5, Rs. 10, Rs. 20, Rs. 50 and Rs. 100. Banks and financial institutions also require larger-denomination notes to manage their daily transactions.<\/p>\n

However, not all financial transactions are conducted in cash. Mobile banking, digital wallets, QR payments and account-to-account transfers have provided alternatives to physical currency during the festive season. Comparative data would be needed to determine how much the use of digital payment methods has reduced cash requirements.<\/p>\n

NRB and Bank Branches Provide New Banknote Exchange Facilities<\/h2>\n

This year, Nepal Rastra Bank has adopted an arrangement for distributing new and clean banknotes through regular exchange facilities rather than announcing a separate, fixed exchange period as in previous years. New and clean banknotes are being made available through the central bank\u2019s Thapathali office, its provincial offices and commercial bank branches.<\/p>\n

According to Anuj Dahal, head of NRB\u2019s Currency Management Department, members of the public can exchange banknotes at branches of banks and financial institutions convenient to them. The central bank has stated that, under the current arrangement, individuals are generally being provided with one or two sets of new banknotes. Those seeking larger quantities may not receive all the notes in new condition.<\/p>\n

In previous years, a specific period was announced for exchanging new banknotes as Dashain approached. This year, however, the central bank has opted to distribute notes through regular exchange facilities. According to NRB, banknote exchange services are available on days other than public holidays.<\/p>\n

Following NRB\u2019s directive, some banks and financial institutions have also started distributing Rs. 100 banknotes through newer ATM machines. This may make it easier for customers to obtain small-denomination notes in locations where the service is available. However, not all ATMs are guaranteed to dispense new banknotes.<\/p>\n

Digital Banking Is Changing Cash Usage Patterns<\/h2>\n

The expansion of digital payment methods in recent years has gradually changed the nature of banking transactions. Services such as mobile banking transfers, QR payments at shops and digital wallets have reduced the need to carry physical cash for certain transactions.<\/p>\n

These services can also be useful during Dashain. People can transfer money to relatives living far away, pay for online purchases and use mobile banking or QR payments at businesses that accept digital transactions. However, cash will remain necessary because internet access, digital payment acceptance and supporting infrastructure are not equally available in all locations.<\/p>\n

The expansion of digital transactions alone does not establish that cash demand has declined during the festive season. A reliable assessment would require comparisons of currency in circulation, ATM withdrawals and the volume and value of digital transactions across previous years.<\/p>\n

Continuity of Banking Services and Customer Precautions<\/h2>\n

As bank branches may remain closed during public holidays over Dashain, customers are advised to plan ahead for their cash requirements, fund transfers and other banking needs. Although ATMs and digital banking services may remain available, their availability can vary depending on individual banks\u2019 arrangements and technical conditions.<\/p>\n

Customers should also remain alert to digital transaction risks during the festive period. They should never share their one-time passwords (OTPs), PINs or passwords with others, avoid entering banking details through unfamiliar links, and verify recipient information before transferring money.<\/p>\n

For banks and financial institutions, the festive season also presents challenges in cash management, ATM cash availability and ensuring the continuity of digital services. However, there is insufficient evidence to conclude that banks are experiencing cash shortages this year or that banking transactions have increased by a specific percentage.<\/p>\n

Cash Demand and Banking System Liquidity Are Different Matters<\/h2>\n

An increase in currency in circulation during Dashain may reflect a normal seasonal pattern. However, rising cash demand does not necessarily mean that the banking system will face a liquidity shortage. Bank deposits, credit disbursement, the central bank\u2019s monetary instruments and overall liquidity in the banking system also influence the situation.<\/p>\n

Therefore, data on currency in circulation during Dashain, cash withdrawals from banks, subsequent redeposits and digital transactions will be important indicators. Comparing these measures will help assess the actual impact of the festive season on banking transactions.<\/p>\n

With Ghatasthapana marking the beginning of Dashain, seasonal changes in cash demand and the use of banking services are expected. NRB\u2019s preliminary estimate indicates that currency in circulation could increase, but post-festival data will provide a clearer picture of the actual situation. Ensuring adequate cash availability, reliable digital services and secure transactions will remain important priorities for the banking sector during this period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banking Khabar \/ Nepal\u2019s biggest Hindu festival, Dashain, begins on Sunday with Ghatasthapana. As the festive season gets underway, demand for cash is expected to rise due to shopping, family gatherings, travel and the tradition of giving money as Dakshina. This is also expected to bring seasonal changes to the banking system. Nepal Rastra Bank […]<\/p>\n","protected":false},"author":1,"featured_media":2324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-2323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner","category-main-news"],"yoast_head":"\nBanking Transactions Pick Up as Dashain Begins: How Much Will Cash Demand Increase? - Bankingkhabar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=2323\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking Transactions Pick Up as Dashain Begins: How Much Will Cash Demand Increase? - Bankingkhabar\" \/>\n<meta property=\"og:description\" content=\"Banking Khabar \/ Nepal\u2019s biggest Hindu festival, Dashain, begins on Sunday with Ghatasthapana. 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