Nepal Raises Daily Remittance Limit to NPR 2.5 Million
Nepal’s central bank has eased foreign exchange rules, increasing the daily inbound remittance cap to NPR 2.5 million (≈ USD 18-20k). Here’s what’s changed and what it means for senders and recipients.
Nepal Raises Daily Remittance Limit to NPR 2.5 Million
Nepal’s central bank has made it easier for individuals and small businesses to receive money from abroad. In October 2025, the Nepal Rastra Bank (NRB) raised the daily inbound remittance limit from NPR 2 million to NPR 2.5 million, giving exporters, freelancers and service providers greater flexibility to collect payments from clients overseas.
The move follows steady increases over recent years as the country seeks to promote digital payments and reduce reliance on informal “hundi” channels.
| Category | Old Limit | New Limit (Oct 2025) | Who Benefits |
|---|---|---|---|
| Inbound remittance for sales, fees, commissions, services | NPR 2.0 million/day | NPR 2.5 million/day (≈ USD 18-20k) | Freelancers, exporters, consultants |
| Foreign currency cash carry abroad (travellers) | USD 2,000 | USD 3,000 | Travellers, students, tourists |
| Outward service payments (software, subscriptions) | Restricted / case-by-case | Eased documentation | Businesses, start-ups |
🇳🇵 Why It Matters
• Freelancers & service exporters can now receive larger daily payments for overseas work — whether it’s software development, design, or consulting fees.
• Small businesses can manage cross-border transactions more smoothly without needing multiple transfer splits.
• Migrant workers still send remittances under existing channels, but higher limits may eventually make formal transfers more appealing.
• Foreign exchange reserves benefit as more funds enter the banking system through legal channels.
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⚙️ Key Rules to Know
• Transfers must come through licensed banks or remittance companies authorised by NRB.
• Beneficiaries need valid KYC documents and may be asked to show invoices or contracts for business-related income.
• There’s no annual ceiling, but larger inflows may trigger additional AML or tax documentation checks.
• Outbound payments for digital services and subscriptions have also been simplified, though larger amounts still require NRB approval.
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📈 Broader Context
Nepal’s remittance inflows account for nearly a quarter of GDP, among the world’s highest. By easing limits and compliance bottlenecks, NRB aims to:
• Encourage digital banking and forex transparency
• Support the country’s growing freelancer and export-services sector
• Reduce informal or unrecorded money channels
In parallel, the bank has increased the foreign travel currency allowance to USD 3,000 — a practical shift for students and tourists.
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🧭 What’s Next
NRB is expected to continue gradual liberalisation of foreign exchange rules, especially as digital trade expands. Analysts expect further tweaks to support cross-border e-commerce and international payment platforms.
Tip: Always check with your bank or authorised remittance partner before large transfers. NRB circulars can change without notice.
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Related Guides
• Send Money to Nepal – Compare Transfer Rates
• Compare Live NPR Exchange Rates
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For smarter international money transfers and up-to-date exchange rate comparisons, follow the latest trends on BestExchangeRates.com.
Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.
