Indo-Nepal Remittance
We offer the Indo-Nepal Remittance program to enable almost five million Nepalese migrants to send money back home. The program enables the Nepalese migrants to register with the Nepal ID documents and initiate remittance. They can deposit cash and the money gets remitted to the beneficiary’s bank account.
Impact of Remittance
In developing countries, remittances are the life line of economy where migrants working in abroad send their hard earned foreign currencies to homeland. Remittances from migrants have positive impact on poverty reduction & development in developing countries, contributing, substantially to the achievement of the Millennium Development Goals. These positive impacts become greater when remittances can be saved and invested in infrastructure and productive capacity.
Easy Process of transfer
- The sender walks into our nearest outlet and hands over the amount, in cash, to be sent to Nepal.
- They submit any one of the following KYC documents – Nepalese citizenship proof/Nepalese passport/Indian ID Proof
- The sender shares their contact details, and the details of the beneficiary, including bank account to process account transfer, with our outlet agent.
- Money is transferred successfully.
Advantages for Customers
- Fast transaction : The money is transferred electronically. Most transactions are completed within 48 working hours.
- High transaction limit : A sender can send up to 50000/- INR in one go, and can avail the service twelve times in a year.
- Approved by GOI : This is an authorized channel for transfer of money from India to Nepal. The process is transparent, with no hidden costs.
- Minimal service charge : A service charge of only Rs. 300/- is levied on each transaction, regardless of the amount sent.
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