Kathmandu. Nabil Bank has launched Nepal-India-Nepal Cross-Border Person-to-Person (P2P) remittance service. With this service, customers can send and receive money instantly between Nepal and India through a secure digital medium.
Under this service, Indian citizens having an account with Nabil Bank will now be able to send money instantly to their family and friends in India using their mobile banking app ‘nBank’. Similarly, Nabil Bank users residing in Nepal can easily and swiftly send money to both Nepali and Indian citizens.
The service is designed to make cross-border payments simple, secure and convenient for customers of both countries. “This service is an important step towards making cross-border payments faster and easier. This reflects our commitment towards enhancing digital banking and enhancing the comfort of the customers in both Nepal and India,” said Manoj Kumar Gyewali, CEO of Nabil Bank.
The bank has set limits on the use of services keeping in mind both regulatory provisions and ease. Customers can transfer a maximum of Rs 15,000 per day and up to Rs 1 lakh per month while remitting money from Nepal to India. Similarly, the remittance from India to Nepal can be up to Rs 2 lakhs per day.
This service has been implemented in collaboration with Nepal Clearing House Limited (NCHL) in Nepal and Unified Payments Interface (UPI) in India, which will ensure a safe and smooth digital transaction between the two countries.
Nabil Bank has been providing banking services through 266 branches and 318 ATMs across the country. The bank has been providing banking services to more than 25 lakh customers and looks forward to working together with all its stakeholders. The bank, which has been providing quality banking services for the past four decades, has recently adopted the concept of sustainable banking and brought into operation NBANK for digital banking.
