AbstractThe present analysis is meant to explore the computational solution of the problem dealing with the impact of relaxation‐retardation viscous dissipation and chemical reaction on the flow of Oldroyd‐B nanofluid over a Riga plate. Hyperbolic time‐varying boundary conditions are taken into consideration. The basic modeled problem being transformed into nonlinear differential equations are solved numerically by efficient fourth‐order Runge‐Kutta method along with shooting technique. Characteristics of controlling parameters on velocity, temperature, and concentration along with skin friction, Nusselt number, and Sherwood number profiles are presented with the help of well‐featured graphs. The relaxation and retardation parameters affect well flow profiles. In addition, an accelerated flow pattern is accomplished due to the augmentation of the modified Hartmann number. Furthermore, the presence of relaxation‐retardation viscous dissipation improves the temperature field.