So that might sound alarming. You can send money to Nepal without even having an account. The most haunting question that comes to your mind when you have your loved ones abroad in need of money is, ‘Can we send money to Nepal?’ the regulatory body of India and the Reserve Bank of India has permitted Indian citizens to send money abroad with ease through authorised dealers who have a license. So, The essential list of conditions and requisites that have been laid down through which you can send money from India.
How do I send money to Nepal through PMT?
- Visit any Unimoni branch.
- Fill out the Declaration & cash send the form
- Correct the spelling of the beneficiary name
- Hand over the amount along with the transfer charges.
- Get the unique 16 digit number to share with the beneficiary.
What are KYC documents required?
Both by cash and online transaction. Online transactions will take at least 24hrs to credit the amount to the Beneficiary Account.
- Sender on approaching the branch
- An Indian Remitter – Driving license or Aadhar and being a Nepal citizen – Passport & citizenship card.
- The receiver to receive the amount should produce
- Valid id proof & 16 digit pin sent by the remitted and Indian sender should submit a passport copy.
Where can my relative collect the amount from?
So Prabu Money Transfer is a leading remittance company registered in Nepal with a robust pay-out network across Nepal. It also has a sizeable diversified network connecting Nepal and facilitating fast, so it is convenient, secure, and affordable money transfer solutions from Unimoni India. You can send money to Nepal direct as cash or to the receiver’s bank accounting.
- Cash payment through PMT/ Prabhu Money Transfer outlet and bank transfers to the concerned bank where the receiver has the account
How much money can I send to Nepal?
- Can do early 12 transactions for a maximum amount of INR 50,000/- and a transaction limit of Rs.50 000/- per month per transaction.
What are the purposes for which I can send money to Nepal?
- Permissible 2 primary purposes for Money Transfer to Nepal are family maintenance / Travel & Tour.
Make the best use of the opportunity to send money to your loved ones without hassle.
How does the remitter get back the cash if it is not provided to the inheritor?
The remittance charge will flow back to the originating bank branch in India through the NEFT method. The bank department would then speak to the remitter about the remittance recovery. If the remittance originated by debit to an account, the returned amount would be credited to that account. Suppose a walk-in customer made the remittance through a cash deposit. In that case, the remitter must produce proof of remittance (counterfoil of the remittance application form) to get a refund.
Are there any limitations on the digit of remittances?
Yes. An innovator in India can send a maximum of 12 remittances in a year underneath the plan.
Can money transfer be delayed?
The time of a bank transfer to be successfully created often trusts on some factors, due to which your transaction can be delayed. This contains the timing of the transfer, where the transfer is being made, the money involved, safety checks, bank holidays, and the reasons for the transaction.
How lengthy does it take to transmit funds from India to Nepal?
For domestic and Indo-Nepal fund transfer facilities, money transfers are usually done within 24 hours. For international money transfers, it takes one to two days for the recipient to receive the money.
