? Remittance Service
NIC Asia Bank — NIC Asia Remit
Compare against 1 other Remittance Service offer on ArthaSathi
Service Charge
1.00%
Transfer Limit
NPR 5,00,000
Processing Time
Instant to 24 hours
Key features
- ✓Instant domestic transfer
- ✓Wide international correspondent network
- ✓Competitive exchange margin
Additional details
Supported countries
- India
- Qatar
- UAE
- Saudi Arabia
- Malaysia
Supported currencies
- NPR
- INR
- USD
- QAR
- AED
- SAR
- MYR
Documentation required
Recipient bank details, purpose of transfer
Compare Remittance Service offers
1 other offer on ArthaSathi, alongside NIC Asia Bank.
NIC Asia Bank
NIC Asia Remit
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Charge1.00%
LimitNPR 5,00,000
ProcessingInstant to 24 hours
Frequently asked questions
How long does it take to process a remittance transfer?
Domestic transfers are often instant to a few hours; international remittances typically take a few hours to 2 business days.
What documents are needed to rent a locker?
Usually your citizenship/ID and an active account with the bank; some banks also ask for a passport photo.
How are foreign exchange rates determined?
Rates are set based on the interbank foreign exchange market and updated daily (sometimes multiple times a day) by each bank.
What is a letter of credit used for?
A letter of credit is a bank guarantee used in trade to assure a seller that payment will be made once agreed conditions are met.
Can individuals use trade finance services, or only businesses?
Trade finance is mainly used by businesses and importers/exporters, though some banks offer scaled-down facilities for individuals.