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Nepal

Type Description
Cash-out Method Direct credit to bank account or finance companies in Nepal Rupee (NPR).
Beneficiary account type – individual only and business on Highlighted Bank*
Transaction Turnaround Time Subjected to Singapore office timing and funds being received
  • T+0 business day for transaction processed and credited before 11.00am (Sun- Fri) Nepal timezone, GMT +5.45
  • T+1 business days for transaction processed and credited after 11.00pm (Sun - Fri) Nepal timezone, GMT +5.45
  • Transaction final status received T+1 business day. For e.g. a transaction is processed at 11am GMT +5.5 on Day 1, and transactions is credited on same day (Day 1). However, Millenning system will only transmit the final status on the following business day (Day 2)
Area availability Participating banks in Nepal
Validation / Verification Account validation with beneficiary name, beneficial bank name, bank code and bank account number
Amount received Beneficiary to be received the payout in the nearest NPR1
Transaction Limit Maximum per Transaction NPR 1,000,000.00
Minimum per Transaction NPR 10.00
Monthly Limit NPR 1,000,000.00 per beneficiary account
Compliance accumulated limit NPR 1,000,000.00
Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Cancellation Process Cancellation is on the best effort basis.
Type Description
Cash-out Method Cash pickup Nepal Rupee (NPR) at any supported outlets
Transaction Turnaround Time
  • Cash Pickup: Within 45 minutes

Subjected to Singapore office timing and funds being received
Transaction Working Hours Business hours: Operating hours for all available cash-pickup locations differ, however normal business hours 10am – 5pm Sunday – Friday (Nepal timezone, GMT+5.45) is generally available
Area availability Over 14,700 locations
Account Verification Beneficiary to provide beneficiary amount, valid photo-bearing ID (Citizenship, Driving License, Passport) and Unique Transaction Number / 11-digit RAD number. Beneficiary phone number may be called to direct to the nearest cash pickup points
Amount received Beneficiary to be received the payout in the nearest NPR1
Transaction Limit Transaction Limit
Minimum per Transaction NPR 10.00
Monthly Limit Accumulated NPR 1,000,000.00
Compliance accumulated limit NPR 1,000,000.00
Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Transaction Limit Transaction fee will not be refunded upon submitted to the payout agent
Cancellation Process Cancellation is allowed if the payout is not claim.
Location
Outlet Name Link
Himalayan Bank Ltd / Himal Remit http://himalayanbank.com/branch
City Express https://www.ctxpress.com/Agents
EVEREST BANK LIMITED http://www.everestbankltd.com/branch
GME Remittance Nepal http://www.gmeremit.com.np