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Nepal — SWIFT/BIC Codes & Payment Info
Browse banks, EMIs, PSPs and other organizations in Nepal that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.
Devise
NPR — Nepalese Rupee
Payment requirements for Nepal:Overview: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address). For additional information, please refer to www.nrb.org.np.
Country Requirements/Restrictions:
Payment Restrictions: Restrictions exist for most capital transactions. Most payments and transfers are subject to prior government approval. Trade related payments are not supported (both imports and exports).
Account Restrictions: Residents may hold foreign currency accounts.
Beneficiaries of remittances received from abroad in favor of NGOs are required to provide supporting documentation approved by the Social Welfare Council (SWC) for funds release.
SWC approval is on a project basis; further approvals may be needed for new projects.
Payment Formatting Rules for NPR:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), and address. Use of initials may delay receipt of funds by the beneficiary.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the exact location of beneficiary bank.
SWIFT BIC is 8 or 11 alphanumeric characters, formatted as xxxxNPxx or xxxxNPxxxxx.
Reason for Payment (SWIFT MT103 F70): The purpose of payment is recommended. Include the 9-digit Permanent Account Number (PAN) of the beneficiary for payments related to social media content and software development or equivalent.
SWIFT/BIC code holders in Nepal (24)
Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.