Kathmandu: Nabil Bank has launched the Nepal–India–Nepal Cross-Border Person-to-Person (P2P) Remittance Service, enabling customers to send and receive money instantly between Nepal and India through secure digital channels yesterday.

With this service, Indian citizens holding accounts with Nabil Bank can send money instantly to their family and friends in India using the Nabil Bank mobile banking app, nBank. Similarly, Nepali and Indian citizens can send money instantly to Nabil Bank account holders in Nepal, making cross-border transfers easier and faster.

According to the bank, the service is designed to make cross-border money transfer simple, safe, and convenient for customers in both countries. Manoj Gyawali, Chief Executive Officer of Nabil Bank, said, “This service is an important step in making cross-border payments faster and easier. It reflects our commitment to improving digital banking services and enhancing customer convenience in Nepal and India.”

The transaction limits for the service have been set to ensure both flexibility and regulatory compliance. For Nepal to India transfers, customers can send up to INR 15,000 per day and INR 100,000 per month. For India to Nepal transfers, customers can send up to INR 200,000 per day, with no monthly restrictions.

The service is supported by Nepal Clearing House Limited (NCHL) in Nepal and the Unified Payments Interface (UPI) in India, ensuring secure and smooth transactions between the two countries.

Nabil Bank Limited is a pioneer bank in Nepal’s banking sector, committed to offering innovative and customer-focused financial solutions. With a strong emphasis on digital transformation, Nabil Bank continues to redefine banking experiences for its valued customers. It has 266 branches and 318 ATM network all over the country.