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 banking after NRN citizenship
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Posted on 01-01-24 1:58 PM     Reply [Subscribe]
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If a NRN citizen or NRN card holder wanted to bring some legitimately earned money from the US to Nepal (for example sale of proprty, or one's savings etc) and buy property in Nepal using that money, how would one do it?

Or let us say NRN citizen or NRN card holder is due to get some money in Nepal thru sale of ancestral property ....

---Bank account in Nepal to deposit the money by transferring from US bank to Nepal (in the 1st scenario where money is coming from US) or depositing money locally in Nepal (in the 2nd scenario where money is coming locally from family) ------would the account opening process be the same NRN account process with Nepali bank ?

---these days nepali banks ask for source of money and also PAN card number. How would the NRN citizen or NRN card holder obtain a PAN card?
 
Posted on 01-01-24 3:28 PM     [Snapshot: 20]     Reply [Subscribe]
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I thik you get all the previleges/rights as the normal nepali citizens are getting other than right to vote and get elected. May be you cant hold any gov jobs too.
 
Posted on 01-01-24 6:58 PM     [Snapshot: 75]     Reply [Subscribe]
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One of the fellow NRN citizen was able to open account in Nabil bank just as any other Nepali. You can ask him further questions in link below at Dec 23rd post.

https://www.facebook.com/groups/nrn.nagarikta.public.forum.discussion
 
Posted on 01-12-24 10:17 PM     [Snapshot: 1130]     Reply [Subscribe]
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Thanks Ajit. Discussed with a couple people who were able to do video KYC at some nep banks. It looks like they may have just said ctzshp "nepali" on the kyc and no mention of us ctzshp and bypassed the facta stuff.

Same thing with khalti esewa etc.

I feel that it is no different than folks just doing what they have been doing for years b4 this NRN nagrikta - using their old Nep nagrikta to open acc and not mentioning their fatca info.

With the nen nagrikta, if one bypassed fatca on KYC and just put "nepali" citizen., Would that create issues if one wanted to make transfers to the nep account from the us account here?

Even with the nrn ctzhp, wouldn't one need to mention fatca info on kyc if they wanted to do it the correct way so as not to raise flags later?

Also, how about land and property in NEP purchased with the nrn ctzshp? Wouldn't one be legally required to mention that property on their US tax retns?

Also there is no info on how to obtain a PAN card with the nrn ctzshp. If you sold property and deposited in bank, NEP banks will require a PAN card on large transactions exceeding a certain amount.
 


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