Compare money transfers from Nepal to India

The Best Services to Transfer Money from Nepal to India

Are you having business dealings with clients from Nepal that involve monetary transactions? While distance never stops your business activities with them, receiving money shouldn’t be a problem either irrespective of the limited e transfer services available. e transfer is a much more comfortable and convenient way to transfer money from Nepal to India.

How to Wire Money from Nepal to India

Online transfer services and wiring through Nepal banks are two of the quickest and major ways to wire money from Nepal to India. You can check with the banks in Nepal to see which among them offer online transfer services to help you transfer funds directly from a Nepal bank account to your recipient in India.

Although online transfer services are less stressful as it does not require your presence when compared to transfer made through the bank. You would only be required to create an account with your real details on your preferred online service, and then initiate your transfer from Nepal to your recipient in India.

Which Service to Use

• Western Union. Western Union is a popular online payment service that you can use to transfer money from Nepal to India. People use it around the world, but more importantly, it is supported both in India and Nepal.
  You can make transfers online at any time of the day, and track the status of the transaction to its intended destination. You are only required to create a profile and verify it; actions such as the addition of a credit card might come subsequently.
• Moneygram. Moneygram is a robust online transfer service that’s arguably another way to transfer money from Nepal to India. It has branches in Nepal and India, and it uses bank exchange rates to determine its currency conversion rate from Nepalese rupee and Indian rupee.
  The sender needs to locate banks in Nepal, offering Moneygram service with his/her documents and fill in the transfer form. After the transfer is initiated, the sender will notify the recipient and also send the reference number (usually 8-digit number), which the recipient will take to the bank offering MoneyGram service in India to claim the money.
• Prabhu Money Transfer. Prabhu Money Transfer is also safe and secure for making physical account deposits to a bank account and co-operative account. Sender from Nepal can initiate payment through the Prabhu website directly to the recipient bank account in India. The recipient can also receive payment via cash pickup at any Prabhu branches that are affiliated to banks in India.
• Bank Transfer. Sending money through State Bank of India (SBI), or from Everest Bank, Nepal to Punjab National Bank, India (PNB). You can send money through SBI using Bharat Yatra card or Demand draft or Bank transfer.

How Much Does Cost?

The transfer fee associated with each transfer service mentioned above varies, and it depends on different factors. However, online reviews by users revealed that the transfer fee associated with online transfer service is the cheapest way to send money from Nepal to India when compared to transfer through banks.

Our Advantages

We compare various money transfer services for people who want to wire money from Nepal to India to find the easiest way to get this done. We pitch the main features of a specific transfer service with another for users to make a balanced decision.