How to send money to Nepal from India?

The blog post below was written as a response/comment to this blog:
https://blogs.worldbank.org/peoplemove/india-to-nepal-remittance-service-launched#comment-925

As a comment itself is like a post and I feel is worthy of reading as a post. I have provided some links also in the bottom to know the ways to remit money in Nepal from India.
I have a strong deploring words for services and people of Punjab National Bank (‘PNB’) in India and those – services and people – of Everest Bank Limited (‘EBL’) in Nepal, I will comment about them in some of my posts later in future. For the time being, you may read about how to send money from India to Nepal. Till the time, I posted this blog, the blogger in World Bank has not moderated and published my comment, but I hope that he does approve.

Here it goes about how to send money to Nepal from India:
“

Since I am a Nepali National and sending money regularly to Nepal from India, I would like to point out some of the issues here. The first is not many bank employees know that they can send money to Nepal. In south India, some of them are completely unaware of anything about Nepal and do not get surprised if they say to do a net banking, which is funny as net banking is allowed only between domestic banks.

Most of the time, they may tell you to get the contact number of their forex/expat or foreign currency remittance department and contact there, and if you contact them, they will flatly answer you that you cannot send money to Nepal. Then, what is the way out?

This time I went to an ICICI Bank Branch in India in Hyderabad. I met Bank Manager who was not at all aware of any money transfer facility to Nepal. He ringed up two three places including his head office in Bombay and received response that they cannot transfer money to Nepal. He answered me a straight no. But, it’s great that at least he tried to find out and did his best as it was a private Bank.

If you are in a same situation before Public Sector Undertaking (PSU) Bank or Nationalized Government Bank, or a bank which says that it is an undertaking of Government of India, it may likely happen that you will be ignored, or just get answer No and no further help barring few exceptions in some bank branch because of some cooperating employees.

Most of the Bank Employees including Bank Branch Head, who is called Manager, will not be aware of anything what the blogger has discussed in his page. It’s because there is not much transactions happening or India is too large to care about Poor Nepalese, or ignorance is just bliss! So that they can take little nap post lunch rather than processing few thousands rupees of poor Nepalese fellow!

Still, if you try there is a way if there is a will. The blog aptly describes the first method on which I will not be dwelling much. Rest of the two methods that I have employed will be discussed below:

1. I am not sure if this process still works or not but I have reason to believe that The State Bank of India (‘SBI’) still has this process in Place. First of all, go to any big branch (only big branch dear!) of SBI in your city like in Hyderabad, Andhra Pradesh India, you can go to Koti/Abids Branch of SBI. There will be foreign remittance department. Deposit there INR 10,000/- or less amount than that and service fee of 50/INR way back in 2006-07. They will issue a cheque drawn in favour of the recipient’s name and addressed to SBI Bank Nepal Limited (which is a Joint Venture of State Bank of India in Nepal. I forgot the details as I had done this transaction way back in 2006-07 but I believe it was not account payee that means the recipient need not have any account with SBI Bank Nepal Limited. Sender can send that cheque through courier (will be risky if it is not account payee) or through some person, or if you are going to Nepal but do not want to carry cash then, carry with yourself. Present the cheque in any branch of SBI Bank Nepal Limited (this is also little doubtful as I forgot if there was any specific bank branch was written or not) and show your identity proof as a recipient (in case it is not account payee) and collect cash. If the cheque is account payee, deposit in the recipient’s account and withdraw money in Nepal by drawing cheque. The service charge is already paid in India. So, the recipient will get full amount of INR 10,000 which is equivalent to NR 16,000. The exchange rate was fixed before I was born and still is the same. Caveat: I forgot most of the details and exact way but I am sure that you get a general idea from above post. For more contact biggest branch of SBI in your city. Needless to say here that do not go to small branch, they have no damn clue about this, believe me!

2. Second way and which is the best way, and sorry for making you wait about best way but patience pays guys!

In India, there are many PSU and one of them is Punjab National Bank (PNB) which has a joint venture (JV) in Nepal called Everest Bank Limited (EBL). EBL has a current account with PNB New Delhi and the Account Number is 2254002100011923. You can deposit your money in Indian Currency from any PNB Branch in India (Yes, any! small branch, large branch does not matter but it is likely that they may not be aware with this. Just you have to do is to do give enough respect to bank employees, and explain them in polite words, make them aware of this facility) and direct EBL from there itself to credit this amount to your relatives or whoever recipient’s account maintained in EBL Nepal any branch. So, the recipient of money in Nepal should have bank account with EBL in Nepal or you must provide someone’s bank account in EBL in Nepal whom you can trust as money will be first credited to bank account and only then, the recipient will get/withdraw money. PNB itself has customized software that all the details will be entered at the time you deposit money in PNB Branch. So, there is no different direction required from your side to EBL. For example, if you have to send 20000 INR to Nepal, you deposit the amount in Account No. 2254002100011923 and then, say, your dad’s account in Nepal is 01100111100111, New Baneshwor Branch, Kathmandu, Nepal and Account Holder’s Name is Mr. ABC XYZ (Some fictitious account number or may be of someone’s also by coincidence, do not try to remit to this number, you may lose the money), then, instruct from the branch where you deposit amount that the money should be credited to your dad’s account number in Nepal. The Bank employees feed data/instructions and the money should reach there within 4-5 days maximum.

Note of Caution:

1. I have done transactions through PNB and EBL route three times, twice the amount was around 600USD and I could send without any hassle. The money reached the destination within few days. The last time, on my third transaction, since the money was big amount (how big! I will not tell you), it took almost 12 days to reach the amount to Nepal. I was little horrified this time but nevertheless, money reached safely. About service fee, I am not aware as I had instructed the bank to deduct from deposit itself as I did not have any extra amount in my pocket. So, they deducted some fees and remitted the amount to my destination.

2. About the limit, how much you can send, I am not sure/no idea but from my practical experience, I can safely say that USD 10.000 is within the allowed limit.

3. Most Importantly, before you remit amount, consult with the bank in Nepal as well as in India and make sure that you write the bank account numbers correctly in deposit slip and get verified from bank employees that they have correctly filled in their software from where they feed data. In case, you lose your money because of one or multiple reasons, I SHALL bear no responsibility nor I will be there to express my sympathy! Please verify the account details from PNB in Delhi and EBL in Nepal.

Happy Remittance!

Thanking You

Rajib Dahal”

For further Reading, You can click here:

http://www.rbi.org.in/Scripts/FAQView.aspx?Id=67

http://www.rbi.org.in/Scripts/FAQView.aspx?Id=60

http://rbidocs.rbi.org.in/rdocs/content/pdfs/84489.pdf

http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=18306

Barking King!!!!!!

UPDATED: People are against the king's statement and are on the streets. Well Done Guys!!! See some Photos

Photo Courtesy: http://www.nepaldiary.wordpress.com

So, King Gyanendra barked again if we have to Believe United We Blog AND yes he did. Why?

Because leaders gave him ILLEGAL space. ILLEGAL because if we had followed the principles of criminal laws, he would have been behind the bar and not in the Royal Palace guarded by some thousands of Armies. If the current government had shown that courage, he would have been travelling by Kathmandu Metropolitan Police Blue Van and not by Mercedes Benz. Not only the space he got but the leaders gave him especial space to bark. Because leaders of SPAM are not committed to fulfill the peoples' aspiration that they showed in April Uprising.

King himself is telling that he is going to take moral responsibility of the actions he did.

Good, Well Done Maharaja!!!

Now, it is time to fasten him legal responsibility, which is to punish him according to the procedure established by law.

Another Photo:

Photo Courtesy: http://www.nepaldiary.wordpress.com/

It is nothing but the king's ploy to regain little confidence among the people who have totally discarded him. It is his trick and if we allow him for a long time to be there, he knows how to play it.

What K.P. Oli is doing? Just studying the Report submitted by Rayamajhi? How many more days we have to wait to implement the report?

When Rayamajhi Commission has already shown king Guilty, King should take more moral responsibility and if he has that courage, he must request the current Cabinet to imprison him for all the atrocities committed by him from the time of Royal Massacre.

But, king never gonna tell such things and neither we can expect him to tell such things because in the history of hitherto struggle, no oppressor and dictator has said this. No oppressor has really submitted before the peoples’ will and history is a true testimony from the time of French and English Revolution.

So, what is the option?

Current cabinet must implement the Report submitted by Ramayajhi commission. Nepalese people are no more ready to shoulder the burden of Tyapee (distorted form of Tyabe which means who takes psychotropic Drug Tablets) and dopist Monarchy who are busy in transacting "नाम नखुलेको कालो पदार्थ , Nam Nakhuleko Kalo Padartha”( Some black substances, that is unknown to us).

Before the Election of Constituent Assembly, all the criminals should be put behind the bar otherwise, they start manipulating the results in the semi-consciousness created by heavy fagging.

Current Cabinet is busy to play the “game of hide and seek” with criminals Like Kamal Thapa, Tanka Dhakal, and Badri Mandal. If this continues, then, King Gyanendra not only barks but starts biting.

Maharaj, what Moral Responsibility are you talking? If you have little consciousness of Morality, You must abdicate the thrown and should declare the end of Monarchy. If not, that day is coming soon, when my nephew will not be ready to study in the same school where your grand son will study, if I got little means to afford.

And that will be solely because of you.....That day, you king Gyanendra will spit on your face. The Day is coming soon.
I do not know how many Bloggers are royalists but the bloggers committed to Democracy/Republicanism need to discuss how we can help in the true Cause of Democracy and can help to set up the Republic Nepal.

Something like BLOGAN (Republic)

More To hear KING Gyanendra's Barking, visit: http://nepaldiary.wordpress.com (IN Nepali)

http://www.blog.com.np/ (IN English)

To know about BLOGAN, Visit: http://www.nepalivoices.com/ (BLOGAN Republic is my new concept.)

Holidaying Republic Day

Today, we are celebrating Republic Day in India. “We” means, my friends are celebrating it. For me, it's nothing more than one more holiday, from one angle. From another view point, I must congratulate all the Indians for this day. This is the day when their country was declared Republican country after it got independence.

Let's celebrate with them as and when you celebrate your neighbours' festival with them, then, the day will come they will congratulate you too when you reach this stage-the stage of republicanism.

January 26, 1950 was the day when India's Constitution, the largest in the world, was issued/ promulgated and its preamble mentions that India is a "secular, socialist, democratic republic". So, this day is auspicious in Indian History after Independence Day.

Though it was a republic day, it did not matter much to me except occasionally wishing people. As I said it is another great day for me in terms of holiday. I slept as usual till 10 o'clock which I do in most of the holidays except rare instances.

In our University, there will be national flag hoisting on two occasions, one on Republic Day and another one on Independence day. Our Vice-Chancellor of University hoists the flag, gives little speeches and at last, Laddu will be distributed to all, to all the students , staffs and teachers present there.

In my first 3 to 4 semester, I also attended that ceremony, listened to Vice Chancellor's speech, saw them singing national anthem, stood with them when they sang national anthem, moved my lips here and there saying "Jana Gana Mana.........hey .......Bharata bhagya vidata......jaya hein etc." I do not know India's National Anthem fully and on all occasions, I stand by them to sing, moving my chin here and there. And in all those time of flag hoisting, when I was there, we ate Laddu.

After attending for few occasions, there used to be a talk in the hostel and guys used to say as a joke, “hey! We should attend tomorrow, we get laddus."

Of course not starved in this earth till date, no one used to go there because of Laddus but the main thing to drive them there was the pride of being Indians, my friends used to go there. I accompanied them to share their feelings as a good neighbourly friends.

Now a day, very few things are good incentives than nice sleep till 10 o'clock. Because the flag hoisting programme will be at 9 o'clock, I miss them regularly now a day even that day comes once in a semester.

I got up today early in the morning, at 10 o'clock. I met Mahesh BABA (His name is Mahesh, hails from Karnataka and because of strong religious devotion in Hinduism; whole world of NALSAR knows him as Baba).

I wished him, I said, "Happy republic Day". He thanked me, "I would say same to you, but I thought it would be inappropriate" said he.

I said, "Yes, it would be."............wait for some months, the day will come............what an optimism I have!!!!! ......I wish it comes true.

Turning to the dreams of Republic Nepal, which I expressed from my very first morning, are the dreams of millions of Nepalese People who have been stricken in poverty and royal oppression. Nepal as a whole should move to the Republicanism.

But what is happening in Terai?

I am from Jhapa, it's a Terrain. Am I Teraibasi? Am I pahade? Am I madhise? Why so much distinction and violence there.

As I read a letter that was posted in United We Blog, I am convinced that the JTMM has been used to create a rift among the people in Nepal so that anti-republic force may win in this revolutionary process. There is no other way than dialogue at this stage and

I have a dream that the dream of Republic will not be sabotaged in pieces demanding "Republic Madhise land", "Republic Pahade Land" and so on….......We must ensure that there will be only one Republic and that too "Republic of United Nepal".

Then see people like Mahesh Baba will say "Happy Republic Day of Nepal".....

For the time being, I am holidaying Republic Day.......Republic Day of India......

NEW NEPAL IS POSSIBLE!!!!

First of all Congratulations everybody!!!! You must be happy today and waiting with a lot of enthusiasm when there will be a morning-The morning of MagheSankranti or the morning of January 15.
First of all, Congratulations to all on occasion of Maghesankranti and if you are from North India Happy Lori and if from south India, Happy Pongal. These all are festivals during these days around this south Asian Sub-continent.
It's already 3 o'clock in the morning according to Nepali Standard and people might be making preparation to get up to cook Khole and put Paral for various domestic animals. After 1 to 2 hours later, in Nepali villages and
Near some rural areas, people start doing their work of another day. Just another day for them.
But, it is not. It is not just another day in Nepal. It is some special day in Nepal. It is our V-day, it is our D-day. Far in Kathmandu, far from most of the rural areas in Nepal, something is going to happen on this 15th January day.
It can be heard that they are changing the face of Nepal from this day, they are going to construct a New Nepal and they have started the foundation of peaceful and prosperous Nepal. Let's hope Our Dreams Come True. Again Congratulations to us.
As I said it is already 3 in the morning and I have not slept yet. I may sleep around 5 and 6 in the morning and by the time I get up, many things might already change. I try to sleep with a desire to see a New Nepal in my dream, with a desire to see a New Nepal by the time I get up at some time in the afternoon.

I hope my dreams come true and my dreams are the dreams of 2.5 million people of this country, Nepal. My dream is the dream of millions of people in Nepal who reside inside or because of various reasons outside Nepal. You may be or may not be surprised but they say that it is the dream of our neighbours as well to see a peaceful and prosperous Nepal.

As I have read in various news sites, I can feel the readiness of stage. The stage is ready. The space is increased in Parliament House to make place available for more than 300 Representatives. They say they are our representatives, from Girija to Prachanda and from Sujata to Anandidevi. They want to be the messenger of New Nepal to change the raggy appearance of Nepal. May God bless them if it exists (?)
Basically, I can see these four agendas are in the pipeline for 15th january's historic day. The old Constitution will be nullified with new interim Constitution, the position of king will be suspended, the House of Representatives of Nepal will be dissolved, and new Interim parliament in Nepal will be formed tomorrow. These are short agendas for tomorrow. There are long and very long plans to set up a just, equitable society, and to reconstruct the state providing equal opportunities to all. This all ultimately should lead to set up a republic Nepal, or if not possible to squeeze the monarchy to be anybody's neighbour in the future. These great tasks are being taken in the future. Let them Unite who are representing us and let us provide our strength in unequivocal words, "We Need peace and Prosperity"
Jaya Nepal!!!!
Again hearty Congratulations to all who are in favour of us---New Nepal.
So, rightly has been said by us, New Nepal is possible......