Section 10: Not to acquire assets or open account by borrower who has over dues

No borrower who has over dues shall remit money to a bank by opening an account with a local or foreign bank or financial institution or, continue such account or, operate the account or purchase any movable or immovable assets in any manner or acquire title or possession over such assets in any manner without settling the dues payable to a bank or financial institution.

However,

(a) An account may be opened for the purpose of repayment of a loan or deposit of money in the account for up to 30 days and make payment of the loan by cheque.

(b) The borrower may withdraw the amount from an account situated in Nepal or a foreign country for daily basic life maintenance up to the prescribed limit.