Overview

This product is designed specially to meet the financial demand/requirement of the Nepalese residing/working outside Nepal, Global IME Bank introduces NRN Fixed Deposit Account to the individual and institutional customers with maximum benefits. The account can be opened through our online portal through video KYC.

Global NRN (Individual) FCY Fixed Deposit
Global NRN (Institutional) FCY Fixed Deposit
Note: Can be opened in USD, AUD, GBP, CAD, CNY, JPY & EUR.
Customer can open NRN FCY or LCY Saving Account.

Features

Hassle-free repatriation of principal and interest without any charge.

Debit/Credit Card, Internet banking and mobile banking facility on demand.

Special concessions on conversion of FCY deposit into NPR, as per your need and convenience.

Be privileged to carry Premium VISA international card with 24 hours services.

As the account is opened in foreign currency, there is no exchange rate fluctuation risk.

Can be opened online through video KYC

Global NRN FCY Savings Account

Avail for Individuals and Institution
Eligibility	Non-Resident Nepalese & Institutions promoted by NRNs
Interest Calculation	On Daily Balance
Interest Posting	Quarterly basis (As per Nepalese Calendar) (Interest Rate is subject to change as decided by ALCO from time to time)

Currency	USD (United States Dollar)
Min. Balance	USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	EUR (Euro)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	GBP (Great Britain Pound)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	AUD (Australian Dollar)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	CAD (Canadian Dollar)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	JPY (Japanese Yen)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	CNY (Chinese Yuan)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	NPR (Nepalese Rupees)
Min. Balance	NPR 5,000.00 (Nepalese Rupees Five Thousand only)
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Global NRN FCY Fixed Deposit Account

For Individuals and Institution

Eligibility	Non-Resident Nepalese & Institutions promoted by NRNs
Interest Calculation	On Daily Balance
Interest Posting	Quarterly basis (As per Nepalese Calendar)
Term	"Shall be as per ALCO decision/ published interest rate"

Currency	USD (United States Dollar)
Min. Balance	USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	EUR (Euro)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	GBP (Great Britain Pound)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	AUD (Australian Dollar)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	CAD (Canadian Dollar)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	JPY (Japanese Yen)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	CNY (Chinese Yuan)
Min. Balance	Equivalent to USD 1000/- or above
Interest Rate	"Shall be as per ALCO decision/ published interest rate"

Currency	NPR (Nepalese Rupees)
Min. Balance	NPR 5,000.00 (Nepalese Rupees Five Thousand only)
Interest Rate	As published normal Individual FD rate

Other Features

Instant liquidity facility against Fixed Deposit (LAFD) up to 90% of the Fixed Deposit amount (NPR equivalent) at published rate of LAFD
Free repatriation own Bank charges (Waiver of SWIFT and T.T. charges) principal amount and interest earned subject to regulatory approval
20 paisa / USD premium or equivalent to other FCY on buying rate spread during FCY conversion to NPR

Required Documents

Additional form also need to fill up along with standard account opening form. Additional form requires details like NRN number, currency and repatriation details
Valid NRN Identity card issued by NRN Association or authorized government entity and certified photocopy of passport (National or Foreign).
Any individual holding Nepalese citizenship or father, mother, grandfather, or grandmother having Nepalese citizenship has later taken international citizenship (Except SAARC Countries) valid foreign passport / citizenship including documents verifying such case.
Even the minor can open such accounts with any of the above mentioned documents along with relationship certified papers.
While opening the account of institution promoted by NRNs also any of the above mentioned documents should be obtained along with the required documents of institution.
Duly filled repatriation form. Repatriation is allowed ensuring the fund transfer is made to the account maintained at the same country and currency from where the fund was received. Account name also to be matched. However, this does not restrict transfer and withdrawal of fund in NPR.
Other documents as deemed required.
Savings account is compulsory to open fixed deposit account.

Customer Support / Call Centre

We're here to help. For any questions or support, please call our customer care centre - Global Connect.

Global NRN Deposit Products