Do you wish to get pre-paid dollar card in Nepal? If you are looking for a process to get your dollar card then here is the good news for you.
Recently Nepal Rastra Bank (NRB) has issued a circular that each person in Nepal can get a dollar card where each receives a maximum of $500 to use per year. Furthermore, NRB has allowed commercial and development banks in Nepal to issue pre-paid dollar cards.
Steps to get a dollar card in Nepal
- Visit the commercial bank that offers a visa International pre-paid dollar card.
- First, you need to have a bank account at that commercial bank. Only after that, you can open a dollar account linked with your regular account to get a dollar card.
- Before going to the bank for a dollar card, you need to have a Permanent Account Number (PAN).
- Optionally, you may have to update the Know your Customer (KYC) form.
You can use a dollar card to pay domain, hosting charges, Netflix, Amazon Prime subscription, buy online courses, etc.
Personally, we haven’t tested the card for forex use. Be one to test and please comment below.
Dollar Card Charges and Renewal Fee in Nepal
The first loading fee is NPR 1000 but some bank offers a discount while loading $500 on your dollar card and the renewal fee for loading another $500 is NPR 500.
How to get PAN Card in Nepal?
If you want to know the easiest way to get Permanent Account Number (PAN) card in Nepal then you simply have to download Nagarik App.
- Go and Download Nagarik App. You can find Nagarik App for both iOS and Android devices.
- Signup to Nagarik App. You need to have a sim card that has your real name while signing up.
- Now, you will see the PAN section.
- Go and apply for the PAN number. You will get a virtual PAN card. For a physical card, you need to visit the IRD office.
How-to Guide: Trade Forex From Nepal
List of ‘A’ Class Commercial Banks
|Nepal Bank Ltd||Sunrise Bank Ltd.|
|Agriculture Development Bank Ltd.||Century Commercial Bank Ltd.|
|Nabil Bank Ltd.||Sanima Bank Ltd.|
|Nepal Investment Bank Ltd.||NIC Asia Bank Ltd.|
|Standard Chartered Bank Nepal Ltd.||Global IME Bank Ltd.|
|Himalayan Bank Ltd.||NMB Bank Ltd.|
|Nepal SBI Bank Ltd.||Prabhu Bank Ltd.|
|Nepal Bangladesh Bank Ltd.||Siddhartha Bank Ltd.|
|Everest Bank Ltd.||Bank of Kathmandu Ltd.|
|Kumari Bank Ltd.||Nepal Credit and Commerce Bank Ltd.|
|Laxmi Bank Ltd.||Rastriya Banijya Bank Ltd.|
|Citizens Bank International Ltd.||Mega Bank Nepal Ltd.|
|Prime Commercial Bank Ltd.|
List of ‘B’ Class Development Banks
|Narayani Development Bank Ltd.||Sangrila Development Bank Ltd.|
|Karnali Development Bank Ltd.||Shine Resunga Development Bank Ltd.|
|Excel Development Bank Ltd.||Jyoti Bikas Bank Ltd.|
|Miteri Development Bank Ltd.||Garima Bikas Bank Ltd.|
|Muktinath Bikas Bank Ltd.||Mahalaxmi Bikas Bank Ltd|
|Corporate Development Bank Ltd.||Lumbini Bikas Bank Ltd.|
|Sindhu Bikas Bank Ltd.||Kamana Sewa Bikas Bank Ltd.|
|Sahara Bikas Bank Ltd.||Saptakoshi Development Bank Ltd.|
|Salapa Bikash Bank Ltd.||Tinau Mission Development Bank Ltd.|
|Green Development Bank Ltd.|
Frequently Asked Questions
Can I get PAN online for a dollar card in Nepal?
Yes, you can register your Permanent Account Number (PAN) online via the Nagarik App or visit Inland Revenue Department (IRD) office with your original citizenship in order to issue, verify and get the physical PAN paper card.
Is bank account compulsory to open a dollar account in Nepal?
Yes, you need to have a regular account and only you can open a dollar account linked with your normal bank account in Nepal.
Do prepaid dollar cards have an expiration date?
According to Bank Authority, the dollar cards expire every 5 years i.e. you can use your card for 5 valid years.
Can I load an extra $500 within a year?
No, you can’t load more than $500 a year since it’s a rule issued by Nepal Rastra Bank (NRB) that each person is eligible only to get $500/year.
At the End
As Nepalese were requesting Nepal Rastra Bank (NRB) for dollar transactions at least, for now, they can enjoy a long-awaited moment. Now, it is possible to pay international streaming services, domain and hosting charges, buy books, etc.
I hope after reading this article you will be able to get a dollar card from A & B class banks.