Step‑by‑Step Guide: Opening an NRN (Non‑Resident Nepali) Account in Nepal to Receive Inward Remittances (2026)

Last updated: 31 August 2026

If you are a foreign national living in Nepal and need a reliable way to receive money from abroad, an NRN (Non‑Resident Nepali) account — sometimes called a foreign‑currency account for foreign nationals — is usually the simplest route. The process is straightforward, but the paperwork and bank‑specific rules can trip up first‑time applicants. Below is a practical walk‑through that reflects the situation as of August 2026.

Who can open an NRN account

Any foreign citizen holding a valid passport and a visa that permits an extended stay in Nepal — typically work, student, dependent, or an NRN card — is eligible. Nepal Rastra Bank (NRB) does not require a separate permission letter for a regular rupee‑denominated savings account. For a foreign‑currency denominated account you may need additional approvals; check the latest NRB circulars. Tourist visas are generally not accepted because they do not guarantee a stay of 180 days or more.

Documents you must bring

• Original passport with a clear photo page
• Valid visa or entry permit (work, student, dependent, NRN card)
• One recent passport‑size photograph
• Proof of your overseas address (utility bill, bank statement, or similar document dated within the last three months)
• Optional: a letter from your employer or educational institution confirming your status in Nepal

All originals are inspected at the branch; photocopies are kept for the bank’s records.

Pick a bank and start the application

Most major commercial banks — Everest Bank, NIBL Bank, Nabil Bank, Standard Chartered Nepal, and others — let you fill a pre‑filled form online. After submitting the digital form you schedule a short visit for biometric verification. As of August 2026, Nabil Bank and Standard Chartered Nepal are piloting video‑KYC for non‑resident customers; if you prefer a remote option, ask your branch whether the service is live for your account type.

In‑branch verification

During the branch appointment you present the originals, sign the account‑opening forms, and provide a few specimen signatures. The officer will capture your fingerprints and a live photo. Once the paperwork clears, you receive an account number on the spot. If you asked for a debit card, it is typically dispatched within a couple of weeks; confirm the current turnaround with the branch.

Fees, minimum balance and other charges

Fees differ between rupee and foreign‑currency accounts and can change from bank to bank. Common charges include an account opening fee, an annual maintenance fee, and a minimum balance requirement. Some banks waive the first‑year fee for new NRN customers. Always request the latest fee schedule from the branch or the bank’s website before you finalise the application.

Inward remittance details you’ll need

• Purpose codes — common codes: “Family Maintenance”, “Salary”, “Education”, “Medical”. The sender’s bank will ask for the appropriate code.
• SWIFT/BIC — provide the receiving bank’s SWIFT code (e.g., NIBLNPKA for NIBL). Confirm the exact code with your branch.
• Account format — share the full account number, account holder name as it appears on the passport, and the bank’s address.

Tax implications for large inflows

Remittances above a certain threshold in a single transaction may trigger reporting to the Inland Revenue Department. Keep records of the source of funds (employment contract, tuition invoice, etc.) in case the tax authority requests documentation. Consult a local tax advisor if you expect regular high‑value transfers.

Staying compliant with NRB rules

The regulatory framework can shift — NRB issues circulars that adjust reporting limits, permissible transaction types, and foreign‑exchange rules. The safest habit is to bookmark the NRB Foreign Exchange page (https://www.nrb.org.np/foreign-exchange) and check the “Foreign Exchange” section every few months. If you run a business or expect large inflows, ask your bank’s compliance desk for a quick briefing on the current reporting thresholds.

Opening the account is only the first step. Once it’s active, you can share the account details with senders abroad, set up inward remittance instructions, and start receiving funds without the hassle of informal channels. Keep your documents up to date, monitor any fee changes, and you’ll have a smooth channel for money coming into Nepal.