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NBL Remittance Products

NBL Remittance Products

Nepal Bank Limited -the oldest, biggest and most trusted bank in Nepal, has largest network having more than 3000 domestic pay-out locations. It has very large network of correspondent and agency relationship all over the world. Remittance/fund transfer throughout any part of globe to Nepal and within Nepal, is fastest, hassle-free, cost effective and most reliable.

1. SWIFT:

Through this, remitter can remit or transfer fund to Nepal very easily, securely and quickly. Remitter can transfer money in Nepal through Nepal Bank Limited just by mentioning this bank's SWIFT code, that is, NEBLNPKA and beneficiary account information. The widest network of branches of this bank can take care of customer need very efficiently at minimum cost.

Essential details for SWIFT remittance to Nepal (from any country / bank)

Nepal Bank's SWIFT Code for remittance to Nepal  NEBLNPKA
Account with Institutions: Please give full detail of Bank, Branch and its complete postal address, where the beneficiary is maintaining account
Beneficiary Customer  Please give account number, name, address and phone / fax number (if available) of the beneficiary


2. Remittance from Gulf Countries:

We have maintained special relationship with banks, financial institution and exchange houses in Gulf Countries where majority of Nepali workers are working. They can transmit their hard-earned money to their family members in Nepal.

Features:

  • Account to Account Transfer.
  • Money shall be deposited into account within 24 hours.
  • Online cash payment.

3. Remittance from South Korea:

We have maintained special relationship with Kookmin Bank, South Korea. It is the largest among banks in Korea and 60th largest in the world by 2017. Nepali workers can transfer fund to their account in Nepal very reliably and promptly.

Features:

  • Account to Account Transfer.
  • SWIFT payment instruction is entertained.
  • Money shall be deposited into account within 24 hours.

4. Remittance from India:

Nepal Bank Limited in co-operation with Central Bank of India – a commercial bank, has facilitated a Fund transfer Mechanism electronically namely "CentRemit Mitra" for the Nepali Expatriates in India by disbursing cash for such remittances to the beneficiaries residing all across Nepal via NBLRemit.

This service can be availed from all branches of Nepal Bank Limited and its own private local agents.

Features:

  • Faster and Convenient.
  • Remittance charge by CBI as per their rules is very low in India.
  • Direct Credit to beneficiary's Account with NBL.
  • The maximum amount of remittance under the scheme will be INR.50000.00
  • A remitter in India is allowed to remit a maximum of 12 remittances in a year for the same beneficiary.
  • No Commission/Charges Structure for disbursement of remittance in Nepal In NBL's own Branches.
  • Charged on beneficiary while payment is made through other private local agents.

5. Western Union Money Transfer Service:

Due to the arrangement made by our bank with this fund transferring institution through Hulas Remittance, the beneficiary in Nepal can receive money very quickly and beneficiary does not need any account to receive the fund upto NPR1,00,000.00. Above NPR1,00,000.00 Remittance Saving Account can be used.

  • Charges to remitter shall be as per Western Union Money Transfer rules.
  • No Charges to beneficiary While Receiving!!!

**Charges to remitter shall be as per Western Union Money Transfer rules. **No Charges to beneficiary While Receiving!!!

6. MoneyGram Service:

Due to the arrangement made by our bank with this fund transferring institution through United Remit, beneficiary in Nepal can receive money very quickly and the beneficiary does not need any account to receive the fund.

  • Charges to remitter shall be as per MoneyGram rules.
  • No Charges to beneficiary While Receiving!!!

1. SWIFT:

We can cater the need of customer to remit the fund anywhere in the world, denominated in major currencies.

Required documents to transfer money for education in third country

1st time

  1. Original no objection letter of education ministry
  2. Eligibility certificate (only for japan)
  3. Admission description
  4. College invoice
  5. Passport photocopy
  6. Self declaration of applicants with signature verification
  7. Pan no (more than jpy5,00,00.00 or usd 5,000.00) (applicants or family member stating relationship
  8. Branch recommendation letter
  9. Debit authority note with signature verification
  10. Application form with signature verification

2nd time college same

  1. No objection letter from education ministry with certificate of past fund transfer
  2. College invoice
  3. Resident card (with date validity)
  4. Passport photocopy
  5. College id card having photo of applicant having valid date
  6. Sender id card(a/c)
  7. Pan no (more than jpy5,00,00.00 or usd 5,000.00) (applicants or family member stating relationship)
  8. Branch recommendation letter
  9. Debit authority note with signature verification
  10. Application form with signature verification
  11. Visa

2nd time payment transfer for different college

  1. No objection letter from education ministry with certificate of past fund transfer
  2. College invoice
  3. Resident card (with date validity)
  4. Passport photocopy
  5. College id card having photo of applicant having valid date
  6. Sender id card(a/c)
  7. Pan no (more than jpy5,00,00.00 or usd5,000.00) (applicants or family member stating relationship)
  8. Branch recommendation letter
  9. Debit authority note with signature verification
  10. Application form with signature verification
  11. Visa
  12. Two copies of noc of new college (return of old noc)

2. Remittance to India via RTGS/NEFT:  

For non-trade related transaction, this electronic payment system can be avail by remitter to instant credit of funds in account of almost Indian banks' branches from Nepal to India at low charges. Reduces courier charges and precious time. Non trade transaction is such transaction which does not address any payment against import of physical commodities. Hence, such transaction may include transportation charges, insurance policy payment, education, tourism etc. Beware! family maintenance transfer is not entertained in the RTGS/NEFT modality of ICICI Bank India.

Payment is executed within 15 minutes to 2 Hours and the confirmation is received through online platform like Money2India Workstation - a product of ICICI Bank, Mumbai.

Facilities 

  • Duration of Transfer
    • RTGS UPTO 15:00 O’clock
    • NEFT UPTO 19:00 O’Clock
  • Minimum / maximum amount stipulation for RTGS transactions
    • RTGS => INR2,00,000.00
    • NEFT => Any INR Amount

Document Required

Salary Transfer

  • Embassy letter to prove Indian Citizen
  • Company or institution letter stating remitter’s one-year net salary after deducting tax.
  • 70% of Net Salary can be transferred

Education Expenses

  • College Invoice
  • No Objection Letter from Ministry of Education of Nepal

Medical Expenses

  • INR 50,000.00 can be transferred and for More Than INR 50,000.00 NRB permission required.
  • Transfer of fund shall be executed in account of patient only having being referred by the hospital and such payment shall only be transferred to Hospital or Medical Stores's account.

Other service payment transfer

  • As guided by the NRB.

Commission/Other Charges

  • As per Bank’s circular

C) NBLRemit – Domestic Transactions:

Cash Base remittance transaction can be made to send and receive money from Nepal Bank to any location in Nepal. NPR100000.00 can be transferred in this facility.

  • For Non-Account Holder: NPR 100.00
  • For Account Holder: NPR 100.00
  • Remittance Cancellation Charge: NPR 100.00