Transferring money from Nepal to India was once a very tough task. There were not so effective methods to send money to any one of your relative residing in India.
The only way was to send along with a trusted person but that was a risk too. But the scenario has changed now. There are various methods through which you can send your money in a couple of minutes not only in India but every part of the world.
You can transfer your money from Remittance or bank or online system. Let us look at the top 4 best methods that are reliable, secure and faster to transfer your money from Nepal to India.
The latest update is that you can use ATM card from Banks in Nepal in India also.
If you are looking for sending money to Nepal, you must read our another article on sending money to Nepal.
Indo-Nepal Remittance service
One of the safest and most reliable methods to send money from Nepal to India or India to Nepal is through Indo-Nepal Remittance service. This service is provided by each and every bank that is involved in National Electronic Fund Transfer (NEFT) system.
You can find the detail documentation on Indo-Nepal Fund transfer on the link.
You can go to any money transfer company in Nepal and transfer your money to any bank of India which is a part of NEFT. You don’t need any bank account to send your money but you do need the receiver bank account number. You may be charged some small amount based upon your transfer money.
Everest bank Nepal to Punjab national Bank India
Punjab National bank of India has a joint venture in Everest bank of Nepal. So, anyone can transfer their money from Nepal to India through Punjab bank India. Everest bank has an account opened in Punjab National Bank. So, if you want to
send money from Nepal to India, you have to deposit your money in the EB account number of PNB. Remember that receiver must have an account in Punjab National Bank. Then, he/she can withdraw money from any branches of PNB. It will take 4 to 5 days to withdraw money.
SBI Nepal to SBI India
This is another reliable and secure method to transfer your money from Nepal to India or vice versa. If you have an account in SBI Nepal, then sending money to India is a very easy job. But if you don’t have the account, then you need to have an identification document to send your money.
For this, you need to provide a complete beneficiary address of the receiver in India. You have to pay a charge and its depend upon on the amount of money you want to transfer.
Since there are numbers of remittance service providers in Nepal through which you can easily send your money in India.
The most famous remittances of Nepal are IME, Prabhu money transfer, and Western Union. To send you money, you just have to go in any of these remittances, fill the form with the detail information of receiver and the amount of money.
Then, you will receive a code which you have to send to the receiver. Now, the receiver can receive money from any branches of the remittance available in India. It is one of the easiest and quick methods to send your money to India.