Bank can assist you through making fund transfer through SWIFT upon receipt of required documents.
We facilitate all trade related fund transfer mechanism. Mainly
Currently, NRB allows maximum INR 5 core and USD or equivalent USD 30000/- (Business credit information (BCI) is required for more than USD 25000/-). In case of service payment, INR 100K including tax and upto INR 3000K (approval required for more than INR 100K)
An individual cannot transfer the fund through RTGS/SWIFT /TT neither for service nor for business purpose but the amount can be transmitted by the firm (registered firm in Nepal) for the service payment purpose.
In advance payment we required the following documents (and as prescribed by NRB from time to time )
In case of goods imported and documents received by importer we can send the partial or full payment on the basis of following document.
No, we cannot transmit the amount more than the mentioned amount in Bhansar Pragyapan patra but lesser can be transferred.
Yes, we can remit freight charge through TT and it can also paid in cash up to INR 75K.
Normally we do not prefer to remit IGST but it depends upon the nature of goods and we consider which goods are required to pay IGST.
It will take minimum 1 hour to maximum 3 days (depends upon the bank we are sending fund)
Yes. Upon receipt of complete and compliant documents, we process the application the same day.
No, we cannot remit the business transaction amount in the name of business proprietor. It should always be remitted in the name of the firm.
Yes. We can remit money in advance before receiving the goods.
In case of advance payment, customer should submit the Performa invoice, advance payment receipt (swift message copy), transport bill and BI.Bi.Ni. 3 ka or Ga which are duly signed and stamped by Bank staff in order to release the imported goods from custom point.
Normally, the payment should be done within 90 days, However, the amount can be transmitted after 90 days but confirmation letter from the beneficiary is required.
Yes. Some goods are fully restricted. Some have quantitative restrictions and some requires pre-approval. These are prescribed by NRB- Foreign Exchange Unified Circular and Import-Export Act. Our Trade Team shall guide you on this (if required)
No. Only one mode of mechanism either LC or full payment through swift (TT) can be used.