Are you a Non-Resident Nepali looking for a convenient, smart and rewarding way to manage your finances from abroad?
Global IME Bank has just what you need!
You can now enjoy maximum benefits while managing your funds securely and effortlessly from anywhere in the world. Opening an account is simple and hassle-free-just use our online portal and complete the process through a video KYC.
What is NRN Saving and Fixed Deposit Account?
NRN Saving and Fixed Deposit Accounts are specially designed to ease the financial needs of Nepalese individuals and institutions residing or working outside Nepal.
You can open the account in multiple currencies, including USD, AUD, GBP, CAD, CNY, JPY, and EUR.
You can choose one from the following:
- Global NRN FCY Saving Account
- Global NRN FCY Fixed Deposit Account
Additionally, you have the option to open either an NRN FCY or LCY Savings Account for added flexibility.
Features of the NRN Saving and Fixed Deposit Account
Effortless repatriation of principal and interest without any fees.
- Access Debit/Credit Card, Internet banking, and mobile banking services as per your request.
- Enjoy special concessions when converting foreign currency deposits to NPR, tailored to your needs and convenience.
- Avail a Premium VISA international card with 24/7 service privileges.
- Since the account is maintained in foreign currency, there is no risk of exchange rate fluctuations.
- Convenient online account opening via video KYC
Why choose Global IME Bank for NRN Banking?
Global IME Bank is viewed as the best bank in Nepal either for daily banking or for meeting specialized financial needs such as international transactions, fixed deposits, and tailored services for Non-Resident Nepalese (NRNs).
Its instant liquidity, allowing you to access up to 90% of your Fixed Deposit amount in NPR instantly, based on the published LAFD rate makes it an excellent choice for those seeking flexibility and quick access to funds without breaking their deposit.
Required Documents
An additional form must be completed along with the standard account opening form, providing details such as NRN number, currency, and repatriation information.
- A valid NRN Identity Card issued by the NRN Association or an authorized government entity, along with a certified photocopy of the passport (national or foreign).
- Individuals with Nepalese citizenship or descendants (father, mother, grandfather, or grandmother) who later acquired international citizenship (excluding SAARC countries) must provide a valid foreign passport/citizenship and supporting documents.
- Minors can open accounts using the relevant documents mentioned above, accompanied by certified proof of relationship.
- For institutions promoted by NRNs, the applicable individual documents and required institutional documents must be provided.
- A duly completed repatriation form is necessary. Repatriation is permitted only if the funds are transferred to an account in the same country and currency from which they were received, with the account name matching. However, this does not restrict fund transfers or withdrawals in NPR.
- Additional documents may be required as deemed necessary.
- Opening a savings account is mandatory for creating a Fixed Deposit account.
Other Features
- Instant liquidity of up to 90% of the Fixed Deposit amount (NPR equivalent) at the published LAFD rate.
- Free repatriation of principal and interest earned, with SWIFT and T.T. charges waived, subject to regulatory approval.
- 20 paisa/USD premium or equivalent for other FCY on the buying rate during FCY to NPR conversion.
Check eligibility and other details on bank accounts for NRN.
Conclusion
Global IME Bank has a commitment to smooth and innovative banking solutions that caters to the needs of Non-Resident Nepalese. At Global IME Bank, we ensure your financial management is secure, convenient, and rewarding from any part of the world through our NRN Deposit Accounts.
Global IME Bank stands as your partner for financial management across borders. Open your NRN Deposit Account today and experience truly caring banking, understanding your global lifestyle.
