Banking In Nepal

Nepal has many nationalized as well as private banking ventures. The highest authority on the pyramid is The Reserve Bank of Nepal which is called NEPAL RASTRA BANK. This is the central bank of Nepal that decides and makes various guidelines for the banking sector of the country. The bank with the old network in Nepal is The Nepal Bank Ltd. It is closely followed by Nepal Banijya Bank. Both of them have branches across Nepal. besides these two banks there are so many banks operated by private sector. Banks are open 9 am to 7 pm Sunday through Friday but many of them in Kathmandu and other parts of country are opened Saturday also. Now, Nepal has banking service 365 days 24 hours. There are private ventures such as Bank of Kathmandu, Himalayan Bank, Nepal Investment Bank, Laxmi Bank, Kumari Bank, NIC Bank, NCC Bank, Eberest Bank, Nepal SBI Bank, Global Bank, Bank Of Asia, Sunrise Bank and sdo many others that operates in most of the areas in Nepal including rural area.

As far as foreign ventures are concerned you have likes of Nepal Bangladesh Bank, Standard Chartered Bank, , State Bank of India and Nepal Sri Lanka Merchant Bank that offers their services to the tourists. Except this, above mentioned bank also offer you various kinds of serive depends your demand.

ATM
Each bank's offer ATM service in its different branchesall over the country. You can get cash advances on both Visa, Master and SCT card. These ATMs are accessible 24 hours a day7 days a week. In the Kathmandu city you can find any corner & street easity

Wiring Money
Money can be wired through every bank remittance service, their service are all aroun the globe. As well you can use Western Union Money Transfer or The Money Gram wired money service in Nepal. But they are expensive that other bank remittance service. Major Nepal banks use the SWIFT system, in place of the older telex systems, to negotiate wire transfers. The major banks also have accounts in New York and other world banking centers to expedite transfers.

General Information
Payment in hotels, travel agencies, and airlines are made in either nepalese currencies or foreign exchange. Nepal has modern banking facilities and some of the International Banks have their own offices in Kathmandu. Almost all foreign currencies along with credit cards such as American Express, Visa and Master Card, etc. are accepted in Nepal at major hotels, shops and restaurants.