I went to the Himalayan Bank to inquiry about the $$ account for NRN last month. Yes you can open the $account with the supporting documents BUT you can NOT withdraw / bank transfer $$$ from it as per the Rastra Bank policy. you can ONLY withdraw NRPs so dropped the plan.

tutepani · Aug 2, 2023 1:24 PM

why'd you even wanna open a dollar account as an NRN? it makes no sense to open it.

laffinbuddha · Aug 2, 2023 8:02 PM

tutepani, the local withdrawal is in NRS but you can still take your principal back to the us account in us$$ as far as i know

sajalshakya · Aug 21, 2023 9:05 PM

Nope, as per nepal rastra bank policy, they won't let you transfer $$ in the US banks as per the himalayan bank employee.

tutepani · Aug 21, 2023 9:21 PM

Hi Tutepani, I think the HBL person is mistaken. I had the same experience when I went to some banks and the people didnt seem to know or different people gave different information. Finally I emailed the banks and it was forwarded to the right person. You are able to transfer any part of the principal in us $$ back to your connected US account. Of course, you cannot send more $$ than you transferred to nepal from your us bank anyway NRN Foreign currency account - both the interest and principal can be repatriated to the linked bank account in the US. You need to link your own US bank account with the NRN account in nepal -----local withdrawals are in nepali currency

sajalshakya · Aug 21, 2023 9:34 PM

sajalshakya, maybe you're right. The HBL is not in the list. https://nrna.org/about-nrn-for... 4. What Are Benefits Of NRN Foreign Currency Account? There benefits of NRN Foreign Currency Account are mentioned below: • Interest rate of 5% or above (Varies according to Bank). • Hassle-free repatriation of principal and interest without any charge. • Waiver on Card charges, Internet banking facility and mobile banking facility (Varies according to Bank). • Special concessions on conversion of FCY deposit into NPR, as per your need and convenience (Varies according to Bank). • Be privileged to carry Premium VISA international card with 24 hours services (Varies according to Bank). • As the account is opened in foreign currency, there is no exchange rate fluctuation risk. 5. How NRNA Is Working To Solve The Issue Of Liquidity In Nepal? NRNA is coordinating with Government of Nepal for policy amendment in favor of NRNs as well it is motivating the Nepalese Diaspora to open Foreign Currency Account in Nepal to solve the issue of liquidity in Nepal. 6. List Of Banks The list of Banks are enlisted below: S.No Banks View 1 Citizen Bank International View 2 Everest Bank Limited View 3 Global IME Bank View 4 Kumari Bank Limited View 5 Laxmi Bank View 6 Machhapuchhare Bank View 7 Mega Bank Limited View 8 Nepal Bank Limited View 9 Sanima Bank View 10 Standard Chartered Bank View 11 Sunrise Bank View ***Please email us if you want to list your bank at info@nrna.org

tutepani · Aug 21, 2023 9:59 PM

Hi anyone get NRN citizenship recently?

sajalshakya · Feb 21, 2024 1:01 AM

Open with nrn citizenship! It’s easy! But more than 10 k usd in Nepal u have to report to IRS when filing a tax! No need to pay taxes but have to fill up another form called FBAR

shekhar143 · Feb 21, 2024 4:03 AM

Thank you Shekhar . Is this based on your personal experience? How do you do kyc at bank? Do you say nepali citizen and also fill out us citizenship info? Do banks accept the nrn citizenship?

sajalshakya · Feb 21, 2024 5:24 AM

Yes they will only accept nrn citizenship in most reputable prominent banks like SBI n Standard Chartered! The other regular banks I heard they even let you open account with only using your passport! Just go to the bank n they will fill up all the info for you! U don’t need to do a shit rather than signing n verifying the process! KYC is good at prominent banks but might be hacked if you open account in banks like NIC or Nabil or some Nepali banks n finances! I only suggests you to open bank accounts in banks that are run by a foreign country like SBI by India as chances of these banks going bankrupt is less compare to other Nepali banks! Cannot trust Nepali banks as who knows their CEO might transfer all the money n run away! Cannot trust Nepalese nowadays when it comes to money!

shekhar143 · Feb 21, 2024 9:35 AM

Thank you again Shekhar ji. Does standard charter have khalti esewa etc? Probably will have much less than 10k in the account. Not having khalti esewa phonepay etc is becoming somewhat inconvenient these days. I had an acc with Himalayan hbl but now has zero balance. Their app is primitive with no esewa phonepay etc. I read somewhere -either here or the nrn Facebook that a gentleman did video KYC with nabil and just put nepali which bypassed all US info but I am not sure if that is the correct legal way to do it. He also mentioned he dod esewa that way Does sbi have branch in ktm?

sajalshakya · Feb 22, 2024 9:22 AM

ओइ हाब्रे मद्दत गरेको जस्तो चै गरिस साजल जी लाई। तर तैले आफ्नै बेज्जत गरिस् क्या ? तलै धोती बैंकको चै बिस्वास गर्ने अनि आफ्नै नेपाली बैंक लाई लात्ताले हानेर बारीको पाटामा पुराइस। तलै नबिल बैंकको बारेमा के थाहा छ. स्पष्ट बनाउन सक्छस। त जन्मेको थिईस नबिन बैंक फाउण्ड हुदा? बात कर्ता हे।

Tesla guy · Feb 22, 2024 11:05 AM

Haajal shakya stop removing the comments . Last edited: 22-Feb-24 02:00 PM

Tesla guy · Feb 22, 2024 1:56 PM

Btw are you real nepali or nepali -AMERICAN now ?

Tesla guy · Feb 22, 2024 1:58 PM

Sajal became haajal , Trumpism is in your vein, stop biting everyone. You may have shown mahaa-suste behavior while commenting. Why on earth you wanna know what his demography information? Last edited: 22-Feb-24 03:35 PM

logan · Feb 22, 2024 3:24 PM

If u r opening account with less than 10 k usd then why worry too much! Just open an account with any bank like u said which has esewa n phone pay! Yes SBi has branches all over Kathmandu, google it

shekhar143 · Feb 23, 2024 12:42 AM