Make Payments in NPR - Nepalese Rupee
Pay in Nepalese Rupees (NPR)
Global Exchange allows you to make international payments in NPR (Nepalese Rupee) with ease. Manage your Nepalese Rupee beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your NPR operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Nepalese Rupee (NPR)
It is currently not possible to receive payments in NPR.
Global Exchange Answers All Your Questions About Payments in Nepalese Rupees (NPR)
What is the timeframe for an NPR payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Nepalese Rupee transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if NPR payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can have a significant impact on payment receipt times.
What are the fees for a payment in Nepalese Rupee (NPR)?
The fees applied to Nepalese Rupee (NPR) transfers generally range from 0 to 10 euros depending on the agreement made with the Global Exchange trading room. The rate primarily depends on your annual NPR exchange volume and the number of Nepalese Rupee payments made during the year.
Are there minimum or maximum amounts for payments in Nepalese Rupee (NPR)?
Global Exchange and its partners verify that your Nepalese Rupee flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Nepalese Rupee (NPR)?
For NPR payments via the SWIFT network, at least the following information must be provided:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
• Reason for payment
Is it possible to modify a payment in Nepalese Rupee (NPR) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Nepalese Rupee (NPR) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Nepalese Rupee (NPR) cannot be executed?
Variable date (January): Maghe Sankranti
Variable date (February): Maha Shivaratri
Variable date: Holi (festival of colors)
Variable date: Ghode Jatra (Kathmandu)
Variable date (April): Nepalese New Year (Bikram Sambat New Year)
Variable date: Ram Navami
Variable date: Buddha Jayanti (Buddha's birth)
Variable date: Janai Purnima / Raksha Bandhan
Variable date: Gai Jatra
Variable date: Krishna Janmashtami
Variable date (September/October): Dashain – 1st day
Variable date: Dashain – 2nd day
Variable date: Dashain – 3rd day
Variable date (October/November): Tihar / Deepawali – 1st day
Variable date: Tihar – 2nd day
Variable date: Tihar – 3rd day
Variable date: Tihar – 4th day
Variable date: Tihar – 5th day
Variable date: Chhath Puja
Variable date: Constitution Day (September 20 – sometimes fixed depending on the year)
December 25: Christmas (observed by Christians)
History of the Nepalese Rupee
The Nepalese Rupee (NPR) has been the official currency of Nepal since 1932, replacing the Indian Rupee in many internal transactions. It is issued by the Central Bank of Nepal (Nepal Rastra Bank). The NPR is subdivided into 100 paisa. Since the 1990s, the Nepalese Rupee has been officially pegged to the Indian Rupee at a fixed rate, facilitating exchanges between the two countries. The banknotes often depict national symbols such as Mount Everest or important royal and cultural figures of Nepal.
Monetary Policy of the Nepalese Rupee
The Central Bank of Nepal (Nepal Rastra Bank) is responsible for defining and implementing the country's monetary policy. Its main objective is to maintain price and exchange rate stability, in a context of strong trade dependence on India. The exchange regime is administered, with a fixed peg to the INR. The central bank uses various tools such as interest rates, open market operations, and mandatory reserve requirements to manage liquidity and combat inflation. It also plays a role in regulating capital flows and ensuring the stability of the banking system.
Characteristics of the Nepalese Rupee
The NPR is widely used in all domestic transactions, but the economic proximity to India also makes the Indian Rupee common in border regions. The NPR is a currency with limited international convertibility, which restricts its use outside Nepal. Nepalese banknotes are designed with modern security features and strong cultural symbols. The government of Nepal seeks to strengthen the domestic use of the NPR and promote financial stability despite an economic environment sensitive to climatic and geopolitical events.