Remittance Service

Machhapuchchhre Bank Limited (MBL) has operated online web based remittance system, where by money can be sent to Nepal from Worldwide.

1. MBL Remit

We have always been cognizant of the importance of Remittance Business and have played a pivotal role in this line with the help of both domestic and foreign counter parties. With a view to cater to the changing needs of the customers, the bank has initiated its own remittance product and started with the domestic remittance business in the name of MBL REMIT.

MBL REMIT is an online, real-time remittance processing system that is accessed through the Internet and is offered as an application service.

2. Managers’ Cheques (for local payments):

Machhapuchchhre Bank Ltd has been issuing Managers’ Cheques on behalf of its customers and also for the Bank’s own commitments or obligations and for other general purposes involving remittance of funds by bank’s own customers. The validity of these cheques is for six months.

3. Demand Drafts (for payments in India & abroad):

Machhapuchchhre bank Ltd has been issuing demand drafts on the request of the customer. Currently, the Bank has draft drawing arrangements with the following correspondent banks:

4. SWIFT Transfers:

SWIFT stands for Society for Worldwide Interbank Financial Telecommunications. Swift is one of the most reliable widely used fastest means of international financial telecommunication.

Funds can be transferred to and from the bank in most of the major currencies through our Correspondent Banks, Financial Institutions in Middle East, Europe and East Asia and also from other Banks.

Details to be provided to the remitter for Swift Transfer request:

Beneficiary Name: ……………………………
Beneficiary Account No: ……………………………
SWIFT Code: MBLNNPKA

A detail of our Correspondent Bank is listed below:

5. E-Payment:

Electronic mode of Payment through Internet.

This bank has been putting a lot of emphasis on the proper channelizing of funds from different parts of the world to Nepal. MBL has established relations with the following Exchange Houses for this purpose.

• Ezremit-Bahrain Financing Company - www.bfc.com.bh
• Xpress Money Services Limited - www.xpressmoney.com
• International Money Express IME - www.imeremit.com.np
• Prabhu Money Transfer - www.prabhumoneytransfer.com.np
• Western Union Money Transfer - www.westernunion.com
• City Express Money Transfer - www.ctxpress.com
• Moneygram - www.moneygram.com
• Sewa Express Co. Pvt Ltd - www.sewaremit.com
• Himal Remit
• CG Money Remit Pvt. Ltd - www.cgmoneyremit.com
• Reliable Remit - www.reliableremit.com

Remitter can go to any of these Exchange Houses mentioned above for transferring the funds. Similarly, funds can be received through any of our branch office in Nepal. The beneficiary can get the money on the same day the fund has been remitted and we shall charge nothing for payment of your money to the beneficiary.

6. International Remittance Partners:

i	Sharaf Exchange, UAE
ii	Universal Payment Transfer, Turkey
iii	C Square (Rupee Send), South Korea & Japan
iv	City Foreign Exchange, Hong Kong
v	Om Express, India

Foreign  Representative Officer Mr. Sujan Sapkota Business Development Manager – GCC Region Email: sujan.sapkota@mbl.com.np  Cell Number : +971 56 534 6520,54 995 3470

7. MBL Remit Agents List

Super Agent of MBL

GME Remit Pvt. Ltd.

Hathway Complex – 4th Floor, Lainchour

Kathmandu – 44600, Nepal

Tel: +97714024061/62

www.gmeremit.com.np