For the management of foreign exchanges, Nepal Rastra Bank (NRB), the central bank of Nepal has proposed “Prepaid Remittance Card” which is to be issued by the remitting companies and will be used by the family members of the remitter to receive the amount remitted. However, further whatsoever about the features, function and usage of card has not yet been disclosed. And, there are all types of assumption going around.
The features the remittance card that will be issued as per the monetary policy for fiscal year 2013-2014 may be:
- Used by the beneficiary of the remitter.
- Card valid throughout Nepal.
- No need to have bank account.
- Cash withdrawal up to 100% of available balance.
- No interest charges.
- Accepted in ATM and POS terminals.
- Monthly statement issued (e statements).
- Balance enquiry option.
- Balance can be topped within card validity.
- Quick Turn Around Time- Card issued within 10 to 15 Minutes.
The benefit of the prepaid remittance card will be easy access, usability, convenience and safer than carrying cash (security).
0 comments:
Post a Comment