Previously, when you were visiting abroad to have some fun or for any
purpose, you would not carry cash but purchase a travellers cheque from banks
that made them available. Now, if you go to bank and ask for TC, they are going
to say,
“We are extremely sorry, they are no longer available”.
They say this
because American Express Travel Related Services (AMEX) that used to sell
traveller cheque (TCs) in Nepal has stopped selling those from 27 August 2013.
So, banks could not provide TCs to their customers.
Does that mean you need to carry cash for such purpose?
Definitely not.
The demand for the US dollar did not decrease. The
demand surged and banks needed to find an alternative. To address the
problem, banks launched US$ denominated International Prepaid cards in
MasterCard brand and Visa Cards. Currently the prepaid cards are available through Nabil Bank
Ltd., Himalayan Bank Ltd., Civil Bank Ltd. and Standard Chartered Bank Nepal
Ltd. There are different cards for those visiting India and other countries of the world.
The features of the Prepaid International Remittance Card (PIRC)
- Card is Valid Worldwide except Nepal and India
- Provided against Travel Facility by Nepal Rastra Bank
- Cash Withdrawal option up to 100% of available balance
- No Interest charges
- Recharge available as per the regulations of NRB
- No need to have a bank account
- Electron/Un-embossed card accepted in ATM & POS terminals
- Can be used for Cash Advance and Retail Purchases
- Balance Enquiry Options
- Personalized Cards
- Quick Turn Around Time- Card issued within 10 to 15 Minutes
- Balance can be topped up within the card validity
- Monthly statement issued
- Easy to Apply
- e-Statement service
The cards are issued against
- Travel Quota- As per Central Bank’s rules
- Export Account
- FCY Account
- NRB Permit/Letter
- No Objection Letter from Ministry of Education & Sports
For Nepal and India
- As per the applicants request for use in Nepal & India
- For use in India – Limit determined as per Central Bank’s rule
Requirements
- Completed Application forms
- Passport and Confirmed Air Ticket
- Authority Letter, NRB permit, as applicable
0 comments:
Post a Comment