Best 4 Ways to Send Money to Nepal from India

Living in India and want to send money to someone living in Nepal? Oh! So you think that one just cannot send money from India to Nepal? Well, you are wrong here. This is possible to send money from India to Nepal, and this article will explain you how to do so. Here is four easy methods to transfer money from Indian Banks to banks in Nepal.

PNB India to Everest Bank Nepal.

Let’s not waste our time on any complex method and start with the best one. The best way to send money from India to Nepal is by sending it via PNB India. Punjab National Bank has joint venture in Everest Bank Limited (EBL) since a long time. EBL’s account type that is in PNB New Delhi, is ‘Current‘ with account number being 2254002100011923.send money to nepal

You need to deposit money in this bank account in order to send money from India to Nepal. The best thing is that in order to deposit money, you don’t need to look for big branches of PNB. You can do it from any small branch as well.

Read: Banks with High Interest Rates on Fixed Deposits

It may be possible that the employees at small branch might not be familiar with this service. Aware them with proper respect. So, once you deposit this amount, the intended recipient can only receive it if he/she has account in EBL in Nepal.

Since PNB has got a well designed system, so you have nothing to do with EBL in Nepal. Your task only lies within the PNB Bank. For example, if you want to send some money say 10,000 INR, then just go to PNB branch, either small or big, and deposit this money in aforementioned account number.

While depositing the money, just tell the PNB guys that this money must be sent to account no. XXX…. and account holder XXX…. (variables in both cases must be replaced by intended recipient’s EBL bank account number and name).

After doing so, rest work is of PNB Bank. Your money will get deposited to EBL’s current account 2254002100011923. Then, from there, it will be sent to intended recipient’s EBL account.

In this way, your money will get transferred from India to Nepal with minimal efforts from you. The intended recipient will get money in maximum of 4-5 days, but keep in mind that in case of big amount, transfer may take longer time.

SBI India to SBI Nepal

Another way of sending money from India to Nepal is through SBI India to SBI Nepal. You can send money from any NEFT-enabled branch in India. If you have an account in branch of SBI India, then the task is very simple for you, as you need not to carry any documents with you. But, if you don’t have account in bank branch in India, then you will have to carry the documents for proof of identification.

You also need to provide the beneficiary’s complete address of Nepal along with telephone/mobile number. Even the receiver don’t need to have account in Nepal SBI, as in this case, money is handed over to him/her in cash through authorised money transfer company (Prabhu Money Transfer).

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Talking about the charges to send money from India to Nepal via this method, there is transaction fee of Rs. 20 for the amount of up to 5,000. Note that this charge is when the beneficiary has account in Nepal SBI Bank Ltd. (NSBL).

If it is not the case, then there is additional charge of Rs. 50 for the amount of up to Rs. 5,000. The charge is more depending on the amount. Well, only the remitter gets charged, not the beneficiary. The recipient receives the full amount that remitter sends excluding service charge.  You can get detailed info about the transaction charges by heading over to this link.

Use SBI ATM in Nepal SBI Bank Ltd. (NSBL)

Get a saving account at SBI branch in India. Get ATM card and send it to the person whomever you want to send the money from India to Nepal. Once he/she gets it, then you need not to go through the transaction process again and again, as that person living in Nepal him/herself can withdraw money using SBI ATM in Nepal SBI Bank Ltd.’s ATM.

Use PNB ATM in Everest Bank Ltd. (EBL)

If you often need to send money from India to Nepal, then better opt for this method, as it easy and pain free method. Send ATM card of PNB to intended recipient in any way such as courier, personally etc. The PNB ATM can be used in EBL’s ATM network in Nepal. You will be charged Rs. 50 by PNB for withdrawing cash using your PNB ATM in EBL’s ATM network. The charge for balance enquiry is Rs. 15.

25 Comments on Best 4 Ways to Send Money to Nepal from India

  1. Can i send money directly via SBI INDIA TO SBI NEPAL using NEFT/RTGS .

  2. Sher Bahadur Bhandari // May 23, 2014 at 7:54 am // Reply


    • Suraj Tandon // May 23, 2014 at 9:19 am // Reply

      Sher bahadur Please call sbi toll free number “1800 11 2211″, they will guide you step by step. Otherwise, visit main branch of state bank of India from your area. You can send money directly from main sbi branch without any hassle.

  3. Ramesh Gupta // Jun 4, 2014 at 7:05 am // Reply

    I am want send money to india from nepal sbi bank by netbanking…how? please tell me.

  4. Suraj Tandon // Jun 4, 2014 at 7:48 am // Reply

    Ramesh its easy buddy. Just you have to add beneficiary. To add beneficiary, you need to enter receiver full name, account number, IFSC code etc. After beneficiary approval, you can use neft to transfer money from Indian SBI to nepal SBI.

  5. If in case I want to send money from Nepal to India on regular basis 2-3 lakhs per month. What is the best option? process? what will be the applicable charges?
    I see bank exchange rate is fixed at 100 INR = 160 NPR, is it also fixed for this kind of remittance?

    Note: I am ready to open bank account in any of bank in Nepal and India.

  6. Sarad Shrestha // Jun 14, 2014 at 7:46 am // Reply

    I want to send 1-2 lakhs Rs every month from Nepal to India. Both places I can open account in any bank. What option would be best?

    • Suraj Tandon // Jun 14, 2014 at 2:24 pm // Reply

      Try to send money from Nepal sbi to Indian sbi banks. First confirm that how much money you can send from Nepali banks to Indian banks yearly or monthly.

  7. very Helpful post ! but i have a question , I’m from Nepal , living in new delhi , i have sbi bank a/c here and using Net banking as well , so can i send money to Nepal sbi bank through the net banking ,if yes , than how, i tried already they keep asking me Neft code of bank , but i guess Nepal sbi bank dsnt have neft code they only have SWIFT code.

  8. Suraj Tandon // Jul 21, 2014 at 12:39 pm // Reply

    How did you add beneficiary for sbi bank limited? I think will ask you to add IFS or location while adding new beneficiary.

  9. baburam sharma // Oct 22, 2014 at 7:13 am // Reply

    I already have sbi india account. & I have also state bank freedom ( net banking) & its in active. can I send money in sbi nepal bank from net banking?? or can it send from sbi india ( any branch) to sbi nepal?? please tell me in detail, I will be thankful.

    • Suraj Tandon // Oct 25, 2014 at 11:35 pm // Reply

      1. Sorry for replying late… You can send money from any big sbi branch to nepal sbi
      2. I have also created an account and net banking in nepal sbi… I will update the money transfer process soon.

  10. i want to send money India to nepal but i don’t have nepal sbi account but i have Indian sbi account, it is possible to send money India to Nepal.

  11. please give me also tool free sbi hyderabad no i have one no 1800 11 2211, it was not working

  12. In Bangalore, there is a nice system. There is some bank on M G Road names IMA or IME. You go there & pay money to them & ask them to send to a contact person in Nepal. Same day money is transferred to Nepal & this contact person hands over the amount to your relatives. I was told if you send 20K, it is received as 32K in Nepal. As many ppl in Nepal, mostly viligers, do not have access to Bank, this is a good method for them. Do you know if this is legal or illegal ?

  13. surya narayan // Jan 22, 2015 at 8:18 am // Reply

    Now I am new from Odisa sonepur. I want to send money from here to my family at Nepal. So please give me some idea!

  14. david guguva // Jan 30, 2015 at 1:05 pm // Reply

    How can I send money from Nepal to either India or Dubai? I need the information urgently. thanks.

    • Rajeesh Nair // Jan 31, 2015 at 8:17 am // Reply

      Under the “Indo-Nepal Remittance” Scheme launched by Reserve Bank of India, you can transfer funds from India to Nepal and vice versa using NEFT feature under your net banking portal. But for sending money to Dubai you need to use other alternatives..

  15. Deepak Thapa // Jan 30, 2015 at 11:32 pm // Reply

    I want to transfer money from nepal to india so how can I do that can I do netbanking to transfer money from nepal to India

    • Rajeesh Nair // Jan 31, 2015 at 8:17 am // Reply

      Under the “Indo-Nepal Remittance” Scheme launched by Reserve Bank of India, you can transfer funds from India to Nepal and vice versa using NEFT feature under your net banking portal.

  16. i would like to send 2 lakh ruppes should i required same sbi account or other bank account is also work . if i dont have ifsc code of nepal then how can i add beneficial account kindly revert for the same thnkss kamal

  17. John Khadka // Mar 26, 2015 at 3:38 am // Reply

    I am from New Delhi. I want to send money from Delhi to my family at Nepal. So please give me some idea!Emiail:[email protected],Mob:+919718117103
    John Khadka
    Sagarpur New Delhi

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