KATHMANDU, MARCH 10

Nepal Investment Bank Ltd (NIBL) has announced that it has entered into an arrangement with BankOnUs, India offering 'Paisa Pathaune' app, a unique service for Nepalis in India, to transfer funds from India to Nepal round-the-clock from their cellphones.

This facility is available to Nepali migrants, and residents anywhere in India, as per a press release. Paisa Pathaune app offers convenience, speed, safety and low service cost transfer of money from India to Nepal, on all days of the year, even on bank holidays in India.

In just three simple steps, Nepalis staying anywhere in India, can transfer funds digitally from their bank account in India, to their family members in Nepal.

Through the Paisa Pathaune app, Nepalis in India can transfer up to a maximum amount of INR 50,000, 12 times in a year.

A version of this article appears in the print on March 11, 2021, of The Himalayan Times.