Have you ever thought about how to transfer money from Nepal to India? If you were, then we are going to give you every possible way to tackle that solution for you. In this article, we are going to talk about how to send money from Nepal to India using different methods like Nepal SBI, Everest Bank, or Remittance options like Western Union, IME, Moneygram, Prabhu, and more.
Transferring money from Nepal to India is not that difficult. There is a lot of options available whether using banks or remittance. We are still in a place where international payments don’t allow by NRB which is a bit of a shame.
But the good thing is you can at least send your money from Nepal to any other country with a little extra work. You can’t just pick up your phone and send it right away. still, it is an option.
You can use different methods to send your money from Nepal to India and the good thing is all the platforms are safe and secure, you don’t have to worry about losing money or not getting a refund when something goes wrong.
You can transfer your money through Remittance or bank to bank system. Let’s check out the most effective ways to transfer money from Nepal to India.
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How to transfer money from Nepal to India Best Methods
We all want to send money from Nepal to India for different purposes and finding a way to do that is a kind of easy-peasy thing. I mean not really.
Even though a lot of people knows the way that you can send your money but they don't have any idea how to do it.
3 different ways to transfer your money from Nepal to India:
- Bank To Bank Transfer: Nepal SBI - State Bank of India and Everest Bank Ltd. - Punjab National Bank.
- Remittance Transfer: Like IME Remit, Western Union, Prabhu, Moneygram, and more. takes around 24hrs.
- Money Order: Very old method, no one is using these days.
Transfer money from Nepal to India through bank
Transferring money from Nepal to India through the bank is quite simple and very much secure as well. we all know Nepal and India have 2 banking connections to send and receive money.
One is Nepal SBI with State Bank Of India and the second one is Everest Bank with Punjab National Bank.
You can send and receive your money using these two banks if you have any other bank account, then it's not gonna work.
Let's check out how to transfer money from Nepal SBI to India SBI and Everest Bank to Punjab National Bank with the help of these steps:
1. How to send money from Nepal to India through SBI
SBI(State Bank Of India) is one of the most accessible banks in India with its highest number of branches and ATMs across the country. It is also a government bank that has its own benefits.
If you have an account in SBI Nepal, then sending your money to India is very easy and reliable. Also, a lot of people use this method most of the time.
To send money from Nepal to India through SBI you will need a Nepal SBI account and SBI account in India, if you have those you are right in the game.
If you don’t have any SBI accounts, then you need to have an identification document to send your money.
For this, you need to provide a complete beneficiary address of the receiver in India. You have to pay a charge and it totally depends on the amount of money you want to send.
If you have any friend or relative who has these accounts then it will work as well.
This method is very safe and fast, you will also get a refund for anything that goes wrong.
How to Transfer money from Nepal SBI to India SBI
- Step1: To send your money from Nepal to India through SBI, go to your nearer Nepal SBI Bank.
- Step2: Tell them that you want to send money to India then they will provide you 1 application and 1 form as well.
- Step3: Now, You have to fill the form with the detailed information of the receiver like Name, address, mobile number, amount of money, bank details, and other necessary information.
They will charge you a fee of 550 rupees to send money from Rs1,000-Rs50,000 and If you want to send more then Rs 50,000 you have to wait for the next day.
- Step4: After that, they will ask you National ID(Nagarita) or any other ID for proof.
- Step5: Then they will send your money to the provided SBI account in India.
- Step6: That’s all. Super easy and safe.
Important Note: You can withdraw money from any branch of SBI in India and It will take a maximum of 4 to 5 days to receive your money. You can check out their website if you want more info here.
2. How to send money from Nepal to India through Everest Bank
EBL(Everest Bank Ltd) and PBN(Punjab Nation Bank) have a collaboration to send and receive money from these 2 countries.
Everest Bank is providing a Speed Remittance facility through which EBL customers can remit funds from Nepal to branches of PNB India.
The term is you have to have an Everest bank account in Nepal to send money and to receive it you need a Punjab National Bank account.
If you don’t have these 2 accounts you can’t send money from Nepal to India using this method. If you have any friend or relative who has these accounts then it will work as well.
This method is very safe and reliable because you are dealing with banking systems and they are absolutely trustworthy.
Send Money From Nepal to India Using Everest Bank to Punjab Nation Bank:
- Step1: To send your money from Nepal to India through the Everest Bank, go to the EBL first.
- Step2: Tell them that you want to send money to India then they will provide you an application form.
- Step3: Now, you have to fill the form with the detailed information of the receiver like Name, address, mobile number, and the amount of money.
you might get 2-3 forms including with application letter.
- Step4: They will ask you National ID(Nagarita) or any other ID for proof.
- Step5: After that, they will charge some fees to transfer the money.
- Step6: Then they will send your money from Nepal to India on the provided PNB account in India.
- Step7: That’s all.
Important Note: You can withdraw money from any branch of PNB in India and It will take around 4 to 5 days to receive your money. If you need more info you can check out their website here.
How to send money from Nepal to India through Money Transfer Methods
Remittance money transfer is a widely used method to transfer money from Nepal to India. The main reason behind this is you don't have to do more hustle, provide an information, show your ID proof that's all.
Remittance also doesn't require a bank account to send money, they will only take your ID card proof, phone number or any other details that requires.
This is also very secure and there are so many companies that will offer this service like IME, Western Union, Moneygram, Prabhu, Himal Remit, and more.
Let's see how to transfer money from Nepal to India through Money Transfer service step by step:
1. How to send money from Nepal to India through western union
Western Union is one of the most popular money transfer platforms in Nepal. They provide money transfer services all over the world.
The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado.
You can use the western union to transfer your money from Nepal to India very easily.
The process to Send Money From Nepal to India Using Western Union:
- Step1: To send your money from Nepal to India through the western union, you just have to go to any remittances that provide western union service.
- Step2: Now you have to fill the form with the detailed information of the receiver like Name, address, mobile number, and the amount of money.
- Step3: You also have to provide your National ID(Nagarita) or any other ID for proof.
- Step4: Then, you will receive a code that you have to send to the receiver.
- Step5: Now, the receiver can receive money from any branch of the remittance available in India after providing a code of the sender.
- Step6: That’s super simple.
Important Note: Western Union Domestic money transfers are typically completed in 24 hours while international money transfers are completed in 1 to 5 business days.
2. How to transfer money from Nepal to India through ime
Just like the Western Union one of the best alternatives of that is IME(International Money Express). It’s very secure and easy to access anywhere in the world.
In Nepal, most of the remittances allow IME money transfer services so you don’t have to worry about not finding one.
The process to Send Money From Nepal to India Using IME:
- Step1: To send your money from Nepal to India using IME, you just have to go to any remittances that provide IME service.
- Step2: Now you have to fill in the detailed information of the receiver like Name, address, mobile number, and the amount of money.
- Step3: You also have to provide your National ID(Nagarita) or any other ID for proof.
- Step4: Then, you will receive a code that you have to send to the receiver.
- Step5: Now, the receiver can receive money from any branch of the remittance available in India which receives IME money. you have to provide a code of the sender to receive money.
- Step6: That’s it, super easy.
Important Note: As soon as the transaction detail is fed into the system, the receiver can collect his/her money at the instance within office time. In case of account transfer, it will take 1 working day.
3. How to transfer money from Nepal to India through Prabhu
Prabhu Money Transfer P. Ltd (Prabhu) is a leading remittance company registered in Nepal and having many international branches/agents in different parts of Asia and North America.
Prabhu is a reputable and well-known remittance for Nepal among Nepalese Labors and residents in Foreign Countries.
Unlike the other companies, this is a Nepali company as you can see on the name itself.
It is also very secure and you can send your money from Nepal to India through Prabhu very easily just like the previous ones.
The process to Send Money From Nepal to India Using Prabhu:
- Step1: To send your money from Nepal to India using Prabhu, go to your nearer Prabhu Bank or Prabhu money transfer.
- Step2: Tell them that you want to send money to India.
- Step3: Now they’ll provide you a form to fill. Fill in all the information of the receiver like Name, address, mobile number, amount of money, and any other details that required.
- Step4: You also have to provide your National ID(Nagarita) or any other ID for proof.
- Step5: Then, they will send that money after that you will get a text message whether they got the money or not.
- Step6: The receiver can receive money from Prabhu Money Transfer Pvt. Ltd. in India.
- Step7: That’s it, you are done.
Important Note: It will take less than 24 hours to receive from another country.
4. How to transfer money from Nepal to India through Moneygram
MoneyGram is leading the evolution of digital P2P payments.
With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities.
Using MoneyGram you can send money directly to the bank account from Nepal to India which is cool and it’s super fast.
You can send your money from Nepal to India using a Money gram money transfer.
The process of Sending Money From Nepal to India Using Money Gram:
- Step1: To send your money from Nepal to India using Moneygram, go to your nearer Moneygram money transfer or agent location.
- Step2: Bring the following information:
- Your I.D. where applicable
- Your recipient’s full name matching their I.D. and their location
- The amount you wish to send, plus fees
- Step3: Now complete a send form. Give the agent the completed form with applicable funds (including transaction fees).
- Step4: After that, they will provide you an 8-digit reference number. The receiver has to provide that code to receive the money in India or funds can be sent to a bank account that will be sent directly into the account.
Important Note: To receive the money you have to provide the 8-digit reference number given to you by the sender.
Money Ordering Method
A money order is a payment order for a pre-specified amount of money. It is a printed order for payment of a specified sum, issued by a bank or Post Office.
The money ordering method is used to work in the past but nowadays very few people use this.
So, My recommendation use either remittance or bank-to-bank sending ways rather than using this, it will be much easier and faster.
How can I send money from Nepal to another country?
- You can send money from Nepal to any other country through Hundi, which is illegal now but widely used in the past.
- You can transfer it by receiving permission from the Ministry of Education if it is to finance your education in another country.
- Make a deal inside the country: Find someone in Nepal who needs money in Nepali rupees and someone in the country where you need to transfer money to take it in the local foreign currency.
- If you have a foreign exchange income and account in Nepal, you can transfer part of it wherever you wish.
- The last way is you can apply to Nepal Rastra Bank for a foreign exchange facility. If they find a good reason — for instance, medical expenses for which no facility exists in Nepal — they could permit you to make such a transfer.
Frequently Asked Questions
Can we transfer money from Nepal to India online?
No, You can't transfer money from Nepal to India online at this moment but we are sure NRB will allow international online payment system including with money transfer some day, so let's hope for the better.
Is PayPal available in Nepal?
No, PayPal is not available in Nepal because of the Nepal Rastra Bank (NRB) Policy which does'nt allow neplease to do any kind of transactions in foreign countries..