KATHMANDU: NIC Asia Bank, in partnership with Axis Bank, had initiated inward remittance from India. In this regard, the bank has received permission from Nepal Rastra Bank and signed an agreement with Axis Bank, as per a media release.

According to the pact, those residing or working in India can easily remit cash via over 3,500 branches of Axis Bank to their family or other people in Nepal via 192 branches of NIC Asia spread across the country or through its more than 5,000 support representatives.