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Nabil launches Visa Cash Back Scheme

By Our Reporter
Nabil Bank has launched Nabil Visa Cash Back Scheme aimed to its Visa Cardholders. The Scheme is designed to provide 10% cash back.
Under the scheme, any Nabil Bank Visa cardholder (debit/credit/pre-paid) will get cash back of 10% or maximum of NPR 500 (less, applicable TDS of 15%) on single successful usages of his/her card in POS or e-commerce transactions made within Nepal during the scheme period.
In the scheme there will be no restrictions of minimum purchase amount. Cash back amount earned by each cardholder shall be deposited to their account (in case of debit card) or credit/pre-paid card by next working day after verification and deducting applicable tax amount (TDS 15%). SMS alert for every cash back shall be sent to the customers in their registered mobile number.
The Scheme will remain valid from November 30, 2018 to January 31, 2019.
“I believe this campaign will enhance our cardholder’s experience and encourage them to use the card more frequently for sales/e-com transaction and enjoy the convenience of electronic transaction. Diversion of customers from using cash as a mode of payment to card transaction more frequently will also help grow digital banking to the next level which is also in line with Government of Nepal and Nepal Rastra Bank’s objective”, said CEO of Nabil Bank, Anil Keshary Shah.

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