Remit saving account has been designed to solicit deposit accounts of the Nepalese working abroad.
Last Updated Date: May 17, 2022
Machhapuchchhre Bank Limited started its banking operations from Pokhara in 2000. Machhapuchchhre Bank Limited was first registered in 1998 as the first regional commercial bank from the western region of Nepal. Machhapuchchhre Bank Ltd. is the first bank to introduce centralized banking software-GLOBUS BANKING SYSTEM of Temenos NV, Switzerland. This bank provides modern banking facilities such as Any Branch Banking, Internet Banking, Mobile Banking, Safe Deposit Locker facilities, Utility Bill payment (Telephone & Mobile), ATM (VISA Debit Cards ) to its valued customers. Vision of Machhapuchhre bank is to provide the best financial products and services in the most efficient and professional manner. It is one of the national level commercial banks operating in Nepal.The Bank has been promoted by highly renowned Non-Residential Nepalese, prominent businessmen and industrialists with a vision and dedication to provide the best financial products and services in the most efficient and professional manner. It has 160 Branch Offices, 133 Branchless Banking Units, 5 Extension Counters and 198 ATMs spread all across the country, and is one of the full fledged national level commercial banks operating in Nepal
Document required for Remit Saving Account
A remittance is a payment of money that is transferred to another party. Broadly speaking, any payment of an invoice or a bill can be called a remittance. However, the term is most often used nowadays to describe a sum of money sent by someone working abroad to his or her family back home.Most remittances are made by foreign workers to family members in their home countries. The most common way of making a remittance is by using an electronic payment system through a bank or a money transfer service such as Western Union. People who use these options are generally charged a fee. Transfers can take as little as ten minutes to reach the recipient.Remit saving deposit is for those people who are engaged in foreign employment and their family members. This ensures remittance comes through the direct banking channel of saving account.A remittance is a transfer of funds. A cash remittance is when the sender deposits cash instead of using a debit or credit card, cheque, or direct bank transfer to remit. A cash remittance requires the sender to provide their information such as full name, local address, the purpose of the remit.
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