KCIBLRemit, a premium online customer focused and technology oriented Money Transfer product is brought to you by KCIBL, the leading joint venture bank of Nepal. KCIBL is a pioneer in the field of retail money transfer business with over a decade long customized service delivery experience in the field.
KCIBLRemit has the largest payment network covering all cities, towns and villages of the country and is capable of paying at more than thousand locations across Nepal which is in ever growing trend as per the demand of local customers and service providers.
KCIBLRemit is a state-of-the-art web-based online money transfer system. It is easily accessible through our main web domain www.kcibl.com. It can be directly accessed by all our branches and network thus ensuring prompt execution of the remittance. The product is monitored and serviced 24/7 by our Remittance Promotion Department dedicated to deliver fast and reliable services to the customers.
KCIBLRemit has the largest payment network covering all cities, towns and villages of the country and is capable of paying at more than thousand locations across Nepal which is in ever growing trend as per the demand of local customers and service providers.
KCIBLRemit is a state-of-the-art web-based online money transfer system. It is easily accessible through our main web domain www.kcibl.com. It can be directly accessed by all our branches and network thus ensuring prompt execution of the remittance. The product is monitored and serviced 24/7 by our Remittance Promotion Department dedicated to deliver fast and reliable services to the customers.
Outward RemittanceSend money to your loved ones abroad
KCIBL offers you a simple way to send money outside India. Our Outward Remittance facilities make remitting money abroad quick, and reliable. KCIBL Outward Remittance is the solution for your all your needs. Be it money for education, gift money or maintenance for loved ones or donation for a cause. Our extensive network gives us reach to most parts of the world.
The KCIBL Bank Edge
- Quick remittances.
- Vast geographical presence in India.
- Vast Correspondent Bank network.
- Transfer in various currencies.
- Competitive exchange rates & charges.
- Facilities for Non-KCIBL Bank account holders.
Documentation for Resident Indians
Transactions prohibited under Foreign Exchange Management
The transactions for which drawal of foreign exchange by any person is prohibited are given under Clause 3 and Schedule I of Foreign Exchange Management (Current Account Transactions) Rules, 2003.
Transactions for which drawal of foreign exchange is prohibited:
- For travel to Nepal and/or Bhutan;
- Forex transactions with a person resident in India or Bhutan;
- Remittance out of winnings from lotteries;
- Remittance of income from racing/riding etc. or any other hobby;
- Remittance for purchase of lottery tickets, banned/prescribed magazines, football pools, sweepstakes, schemes involving money circulation, securing prize money / awards etc;
- Payment of commission on exports made towards equity investment in Joint Ventures / Wholly Owned Subsidiaries abroad of Nepali companies;
- Remittance of dividend by any company to which the requirement of dividend balancing is applicable;
- Payment of commission on exports under Rupee State Credit Route, except commission up to 10% of invoice value of exports of tea and tobacco;
- Payment related to "Callback services" of telephones;
- Remittance of interest income on funds held in Non-Resident Special Rupee Scheme Accounts
