How to Send Money from Nepal to Abroad

How to Send Money from Nepal to Abroad

It is not as simple to move money out of Nepal as it is to send money to Nepal. The Nepal Rastra Bank (NRB) oversees and controls all aspects of Nepal’s finance sector, including banks, remittances, payment wallets and foreign exchange. Sending money outside of Nepal is subject to severe NRB rules. Without suitable banking channels, processes, and approvals, the NRB does not allow money to be sent outside. If you need to conduct such transactions from Nepal, you must comply to a set of specific guidelines, regulations, and techniques. In this article we tried to cover different situation where you might want to send money from Nepal to abroad.

While sending money from Nepal to another country is challenging, it is not impossible. All you have to do is make sure you meet all of Nepal Rastra Bank’s requirements and follow all of the instructions.

Send Money From Nepal to Abroad For Educational Purposes

Send Money from Nepal to Abroad - Educational Purposes

Send Money from Nepal to Abroad – Educational Purposes

One of the most prevalent reasons Nepali’s transfer money abroad is to support their children’s education. Thousands of Nepali youth study in foreign nations each year. You do not need to be worried at all if you are a student or if you are sending money from Nepal to a family member who is a student overseas. All you have to do is go to your local license office. A class bank or B class bank would assist you in making a quick transfer on your behalf if you have the essential documentation such as a No Objection Certificate and other relevant documents.


Also Read : List of Educational Consultancy In Nepal


For Individual

For Individual Purposes

For Individual Purposes

If you’re not transferring money abroad for educational or business objectives, you might be startled to learn that you have very few options as an individual. Because of the NRB’s regulations, sending money to someone who isn’t a student or doing business is nearly impossible. However, you might be able to accomplish this in some way. If you have a USD bank account in Nepal, you may be able to transfer or receive money from abroad via an online transaction. You can use your travel card to pay for purchases online if you have one or are qualified to get one. A-class banks in Nepal can issue you a credit card with a value of up to USD 500 per year that you can use to shop online.

For Business

For Business Purposes

For Business Purposes

You could be paying a foreign-registered corporation for a service or a product you need for your company. There are particular paperwork and procedures to follow if you are seeking for a way to wire money internationally for business purposes. To begin, you’ll need supporting documentation such as invoices from the overseas businesses you’re paying for, as well as invoices for your corporation or business. You must bring your documentation, receiver information, and business information to the nearest bank that offers these services. The bank will perform a telegraphic transfer (TT) to your destination, which will most likely be smooth and quick.

For Medical Conditions

For Medical Purposes

For Medical Purposes

The Nepal Rastra Bank (NRB) permits applicants to send money from Nepal to international nations other than India for medical and hospital expenses. After completing the relevant papers and processes, you can transmit up to USD 10,000 (ten thousand US Dollars) per year through approved banks and financial organizations. The Sender must seek special approval from Nepal Rastra Bank for medical grounds if the sum exceeds USD 10,000.


Some of the illegal and not recommended method that might be happening on market which are listed below are just for the sake of information. We strongly do not advise or advocate such unlawful  act.

  • Hundis are a type of remittance instrument that is used to transmit money from one location to another, as well as a credit instrument. Hundi is a popular way for individuals all around the world to send money. The NRB considers hundi to be illegal because it is conducted outside of approved financial channels.
  • Paypal is also a famous and frequently used medium for transfer of money. While using your own original PayPal account is not a problem, many Nepalese people utilize their relatives and friends’ PayPal accounts or open a Payoneer account to do overseas transactions. If the transactions do not proceed via Nepali banks, the NRB considers them illegal.
  • Even if you ask a friend or relative to pay on your behalf and pay their family members and even though it appears to be a legitimate and authentic transaction, it is illegal since it prevents foreign currency from entering Nepal.

As a conclusion, the above-mentioned methods are used to send money from Nepal to other countries. It is preferable to transmit money through legal channels rather than the illegal channels.

If you have any questions, please drop them below.