Explore top 40 Courier Services in Nepal

Ranga Singh
-
0

Courier Services in Nepal: A Growing Industry

The courier services industry in Nepal is experiencing rapid growth as individuals and businesses alike seek efficient and timely delivery of cargo and packages.

Although Nepal has a national postal service, many people prefer private courier services for non-government-related tasks due to their reliability and speed.

Since the end of the ten-year armed conflict, Nepal has been steadily progressing in its development. This resurgence has led to the revival of many private companies and the establishment of new ones, all of which heavily rely on courier services to deliver parcels and documents across the country.

As Nepal becomes increasingly integrated into global trade, the demand for international courier services has also risen, making it easier to send and receive parcels from abroad.

 How to Send a Courier to Nepal?

Sending a courier to Nepal is straightforward. International logistics companies have made this process seamless by setting up agent offices within the country.

These agents often operate through multiple branches or partner with local courier services to ensure parcels are delivered even to the most remote areas.

The majority of courier service providers are headquartered in Kathmandu, the capital of Nepal, and collaborate with district-level courier services when they do not have a direct branch at the destination.

How to Send a Courier from Nepal to Another Country?

Sending a courier from Nepal to another country is just as easy. Numerous international courier service providers operate in Nepal, offering reliable and efficient services to ensure your package reaches its destination without any hassle.

List of Courier Services in Nepal

Below is a comprehensive list of courier services in Nepal, highlighting the available options for both domestic and international deliveries:

  1. Nepal Express Parcel & Logistic P. Ltd. – Kathmandu (01-4486173).
  2. Nepal Can Move Courier – Kathmandu (977 01 5970736)
  3. Kourtier Courier Service – Siddharthanagar (071-526366)
  4. Pacific Freight Nepal Pvt. Ltd (Cargo & Courier in Nepal) – Kathmandu (01-4513752)
  5. Speedex Worldwide Pvt. Ltd.– Kathmandu (01-4480405)
  6. NepXpress Cargo & Courier – Kathmandu (01-4783933)
  7. Ideal Courier Service – Kathmandu (985-1168433)
  8. FedEx Express- Kathmandu (01-4269248)
  9. DHL Express Nepal Pvt. Ltd. – Kathmandu (01-4481303)
  10. Direct Way Exporters (Direct Way Cargo & Courier in Nepal) – Kathmandu (01-5350337)
  11. United Nepal Courier & Cargo Pvt. Ltd. – Kathmandu (01-5244679)
  12. Air Supreme Couriers (P.) Ltd. – Kathmandu (01-4257342)
  13. Sajha Worldwide Courier– Kathmandu (015706789)
  14. Worldwide Express Courier Service– Kathmandu (01-5533813/5533814)
  15. TNT International Express – Nepal – Kathmandu (01-4269248)
  16. DTDC Worldwide Express Pvt. Ltd. – Kathmandu (01-4497068)
  17. Florida International Export P. Ltd. – Kathmandu (01-4700051)
  18. Pony Worldwide Express Nepal – Kathmandu (01-4268652)
  19. Unique Freight International Pvt. Ltd. – Kathmandu (4495007 / 4478320)
  20. Noble Logistics Nepal (P) Ltd. – Kathmandu ( 01-4536446)
  21. Bullet International Cargo Pvt. Ltd. – Kathmandu (01-4221627)
  22. Atlas International– Kathmandu (014112396, 014112390)
  23. G.A.C. Express Nepal Pvt. Ltd. – Kathmandu (01-4266178)
  24. Nepal Shipping & Air Logistics Pvt. Ltd. – Kathmandu (01-4784572)
  25. NPL Parcel (Cargo & Courier in Nepal) – Kathmandu (01-4254422)
  26. Tibetan Export & Cargo– Kathmandu (984-1242522)
  27. Namaste Cargo Nepal (P) Ltd. – Kathmandu (4700720/ 9801006432)
  28. Prime Express Courier And Cargo Pvt. Ltd. – Kathmandu (01-4111515)
  29. Aero Freight Nepal Pvt. Ltd. – Kathmandu (01-4701576)
  30. Everest International Export Pvt. Ltd. – Kathmandu (01-4701019)
  31. Buddhaland Export Worldwide Cargo Service – Kathmandu (01-4219231)
  32. Air Bridge Cargo Pvt. Ltd. – Kathmandu (01-4436554)
  33. Aramex Courier– Kathmandu ( 01-5970223)
  34. Royal Express Cargo Pvt. Ltd.- Kathmandu (01-4424822)
  35. Sky Net Worldwide Express– Kathmandu (01-4497073)
  36. Super Kinetic Nepal Pvt. Ltd. – Kathmandu (01-5361666)
  37. Secure Freight International Pvt. Ltd. – Kathmandu (01-5343975)
  38. Aero-Ship Logistics Nepal Pvt. Ltd.– Kathmandu (01-5352582)
  39. Shangri-la Freight Pvt. Ltd – Kathmandu (01-4907697)
  40. Couriers Nepal. – Kathmandu ( 01-5920475)

Nepal’s courier service industry is a vital link in the country’s logistics chain, ensuring that both domestic and international deliveries are handled with care and efficiency. Whether you’re sending a parcel across.

Amazon in Saudi Arabia, learn what kind of services it provides.

Ranga Singh
-
0

Amazon is the fourth-largest company in the world after Google, Microsoft, and Apple. It’s an American tech. Companies whose business is e-commerce, cloud, digital streaming, and artificial technology. Amazon in Saudi Arabia has officially completed replacing Souq.com after purchased the Dubai based e-commerce company and well known in the GCC country.

$580m deal wrapped up acquiring Souq.com in March 2017 in Dubai since then amazon UAE had started providing online shopping services to the UAE base customers but Users in other gulf countries have been buying in Souq.com.

Now all the customers or website visitors for Souq.com will be redirected to the Amazon.sa and they will lend on the Amazon official website. The Amazon to Saudi Arabia will offer similar services to those offered in other countries around the world.

Although Amazon KSA will not face difficulties in finding customers because many customers are already loyal to Souq, the focus has now been on attracting customers. Here are some of the primary services in Saudi Arabia.

  1. Free shipping;

Although their business policy is to charge the buyer or seller shipping costs, the customer who purchases in the Amazon Saudi Arabia will obtain items without paying any additional costs.

2. Next-Day delivery services;

If the customer has ordered any item from Amazon SA, the prices are more than 200 Saudi Riyal and the item will be shipped on the next day without any delivery charges.

3. Same day delivery services;

Shipping will take place on the same day if customers are willing to pay additional charges for delivery.

4. Purchases from Amazon store;

The customers can buy items from the online shop of the amazon.

5. Buy with others;

Customers may purchase from the national and international sellers those who sell their own products on the Amazon website. However, charges may apply depending on the delivery time frame.

6. Sell the products;

In the same way, to other countries, national and international enterprises, and individuals can sell their own products after creating a virtual shop.

7. Affiliate Marketing;

Individuals can sell other products by promoting a link on the website. Any purchase made by clicking on a link to get a commission can vary depending on the product.

8. Amazon MTurk;

People can earn some money by completing small tasks including data validation, writing review, and other online work.

9. Cloud services;

Digital ocean is the amazon data hosting platform the service is available in the GCC, you can host your website or other official data.

10. Offer and discount;

The Amazon to Saudis has a number of discounts and promotions that buyers can take advantage of opportunities to buy a quality product at a low or huge discounted price.

Amazon for Saudi Arab has not offered the amazon prime in Saudia, just like the users have been enjoying in the UAE, however, it can roll out in the future.

list of microfinance in Nepal and their area

Ranga Singh
-
0

Nepal is one of the countries with a population of 2.5 Crore and still half of its population has no access to financial services. The government of Nepal promoted microfinance companies by providing subsidized loans, not much legal hindrance for registration, and no paid-up capital requirement. The main reason behind this initiative is to enable the poor and deprived community to access banking services. The below table displays the list of microfinance in Nepal till April 2020.

Concept of Microfinance in Nepal;

After learning from Bangladesh, the country where the microfinance initiative was born and succeeded, the government of Nepal also allowed the company to register without any paid-up capital to provides similar services in Nepal.

SARC (South Asian Regional Cooperation) countries share a similar challenge where most of the country’s population lives under the poverty line and they are out of the financial services.

The concept of microfinance in Nepal is to provide financial services, including micro-credit, micro-savings to poor and disadvantaged communities. Allow them to carry out micro-business activities from where they can lift their financial condition.

While corporate banks A, B, C-class financial institutions have not reached the rulers and poor communities. Microfinance companies in Nepal have emerged to fill these gaps, with the result that now there are 90 microfinance banks in Nepal.

Who oprates microfiance in nepal?

Although there are 90 microfinance companies in Nepal they have different areas of the operation. Some microfinance companies are limited in one district, some are few districts and some have a national level of operation.

Other financial institutions such as cooperative also can work in the microfinance sector, Mostly microfinance institutions fave focused on the women, because, culturally they have deprived of the financial decision in a family.

Now the A-class commercial banks also operate the microfinance services, because, central bank requires that some portion of their capital should go to the deprived communities. If any commercial bank which has not operated a microfinance program it should provide the fund to the microfinance institution through wholesales landing.

Microfinance function in Nepal

  1. To Disburse micro-credit, with or without any movable or immovable property as the collateral or security, for operating any micro-enterprise prescribed by the Rastra Bank to any project, any group or a member thereof which/who have regularly saved for the period and maintained the prescribed saving,
  2. To accept loans or grants from any bank or financial institution or native or foreign organization or institution, and use such loans or grants for the supply of micro-credit or for making the same effect.
  3. Obtain a loan from the Nepal central bank or from any foreign organization.
  4. Prior to disbursing micro-credits, evaluating the schemes for which micro-credits have been requested and determining whether or not they are feasible,
  5. To provide necessary services and consultation to groups with regard to the mobilization of microfinance,
  6.  carry out necessary actions for recovery of the microcredits on time,
  7.  To accept deposits and refund such deposits subject to the limit prescribed by the Rastra Bank by getting approval of the Rastra Bank,
  8. To issue shares, debentures, bonds, etc. for the purpose of meeting the capital fund requirements,
  9.  exchange information or notices on debtors or customers who have obtained credit or any kind of facility from it and other banks or financial institutions with the Rastra Bank or any other bank or financial institutions.
  10. carry out such other functions as prescription of the Rastra
    Bank.

List of the development of Nepal

list of microfinance in Nepal;

[table id=8 /]

emirates airline news today firing 30,000 employees

CloseCareer Editorial
-
0
emirates airline news today firing 30,000 employees

The world’s largest widebody career emirates airline has just completed the meeting on Monday with the employees who are being terminated from their roles due to the COVID 19 pandemic. As the  Bloomberg Reported about emirates airline news today, The headquarters of the company was packed, because, a huge number of the people were presented.

The meeting was emotional because the job losers will face uncertain careers near the future, because, many airlines company have impacted due to the pandemic and they will not hire the new staff until mid of 2021.

After the national and international fight baned from the government of UAE and government of other countries most of the Emirates Aircraft have been grounded except few are active for the repatriation flights.

Passengers especially those who have visited the gulf region they love to fly to the Emirates airline because of superior services and modern aircraft, as well as the Skywards customer loyalty program.

Although the company has not confirmed the number of employees who will discharge from duty, there is a strong indication that the airline will cut a lot of jobs to preserve cash in the current situation.

According to Bloomberg’s news, the top official of the Emirate Airline said that the organization would lay off up to 30,000 active employees or that the number could reach one-third of the total staff.

Who’s going to lose the job with Emirates Airlines?

The government of the UAE has implemented new degrees to help the privates organization, allowing the employer to reduce the worker salary or restructure the current contract on mutual agreement. The workers have no choice whether to accept the salary reduction or lose the job.

The new degree also protects UAE nationals, restricts the company from dismissing any citizen of the UAE. It is, therefore, clear that there will be no impact on the UAE national job although they are working with Emirates Airlines.

Who losing the jobs?

According to the Emirates airline, today news publishes on Bloomberg the following employee will lose the job in UAE and worldwide.

  1. Expatriates workers most of the cabin crew.
  2. More than 3000 engineer
  3. Hundreds of the pilot
  4. UAE resident, a ground airline workers

Emirates airline had mentioned on the termination letter “You will receive your contractual basic salary and fixed allowances applicable to your grade and position until your last day of service” on September 13”.

Since the company halted its operation it has been paying the reduced salary for the employees, but now the time has come to say goodbye to the best company to work in the UAE.

Although the UAE government wants to help the emirates airline through the stimulus packages it will recover when the COVID 19 vaccine is available in the world.

List of commercial bank in Nepal, A class

Ranga Singh
-
0

Commercial banks are A-Class financial institutions in Nepal which are the main driving force of the business activities. As they have more authority from the central bank to engage deeply into the financial activities they provide broader arrays of financial services to the individuals and institutions. All types of financial institutions are regulated by the Central Bank including the list of commercial bank in Nepal that we have provided below;

Although 3 dozen commercial banks established in the country now only 27 have remained, because, the big merger had occurred a result of the central bank policy. We have published here the latest list of commercial banks in Nepal.

Main Roles and function of commercial bank in Nepal

  1.  Accept deposits or mobilize deposits through various financial instruments and make payment with or without interest.
  2. Accepting deposits, making payments, having transactions, carry on intermediary services and transfer funds through various electronic instruments or devices,
  3.  lend loans including hire-purchase, leasing, housing, and overdrafts.
  4. To lend loans on the guarantee of a foreign bank or financial institution,
  5.  supply or managing loans from the amount received from the Government of Nepal or other native or foreign agency for the promotion of a project,
  6.  Write-off credits subject to the prevailing credits write-off Bylaws,
  7. Issue shares, debenture, debenture bond purpose of meeting capital.
  8. The issue, accept, pay, discount or purchase and sell letters of credit, bills of exchange, promissory notes, cheques, traveler’s cheques, drafts as well as other financial instruments,
  9.  The issue, accept and manage digital card or other instruments for electronic transactions and appointing agents for carrying out acts relating thereto,
  10.  Carry out foreign exchange business subject to the prevailing laws,
  11. Carry on government transactions subject to the limits, terms and conditions or direction of the Rastra Bank,
  12. Purchase, sell or accept treasury bills issued by Government of Nepal or bonds issued by the Rastra Bank,
  13.  Take responsibility for and arranging for the sale or purchase of shares, debentures or securities; collecting interest, dividends, etc.
  14. Earning from shares, debentures or securities; remitting or transmitting such interests or dividends to places within or outside Nepal.
  15. Arranging safe deposit vaults for customers acting as a commission agent of its customers,
  16. To carry on off-balance-sheet transactions,
  17. Buy and sell gold and silver bullions,
  18. Manage properly or sell its assets of every type to come under its own according to this Act and the prevailing laws,
  19. To perform other functions as may be prescribed by the Rastra Bank

list of commercial bank in Nepal. 

[table id=10 /]

You may interest;

List of development banks in Nepal

List of finance companies in Nepal.

Top Investment banks in UAE and Dubai.

Ranga Singh
-
0

Investment banking is not similar to conventional banking where the bank offers deposit and loan options to the customers. An organization that provides investment banking services, it arranges or finds, the capital for the other organizations that have subscribed to its services. If any company wants to fund or sell bonds or stocks the investment banks in UAE find the potential investor for them.

There are only a few financial institutions registered as an investment bank, but many of the commercial banks in the UAE provide investment services through a separate department.

The Union law (10)-1980 has defined an investment bank as a bank that does not accept deposits whose maturities are less than two years but may borrow from its head office, from local or foreign banks, or from financial markets.

The majority of foreign banks in the UAE provide investment and asset management services. Here is a list of the best investment banks in the United Arab Emirates.

Investment Banks in the UAE

  1. Morgan Stanley Co International;

It is an American multinational investment bank that has a business footprint for every developed or developing country that has a large financial market. The primary businesses of the organization are institutional securities, wealth management, and investment management.

In the United Arab Emirates, the bank has been providing the service since the establishment of its branch, including;

  • capital raising and financial advisory services
  • mergers and acquisitions advisory,
  • restructurings,
  • real estate,
  • project finance,
  • corporate lending.

It is one of the best foreign investment banks in the UAE and well established in the world.

2. HSBC Financial Services;

It is also another international bank that provides investment banking services in the UAE. The UK-based bank has provided both services to conventional banking and investment banking to the customers.

In the investment sector, it works with both party investors and fund seekers. HSBC offers the customer to select the option of internationally bound from Asia, the Eurozone, and the US. Those who are UAE residents have the opportunity to access the International Fund. Including equities, bonds, and special sector funds.

3.  Emirates investment banks

It is the only Emirates bank that is fully operational and authorized by the Central Bank to conduct investment banking in the UAE.

Although investment banking is its primary business it provides expert services including;
  1. Asset management
  2. Wealth planning
  3.  Lending
  4. Investment and
  5. Daily Banking

4. Noor Capital

It is an entity approved by the central bank of the United Arab Emirates to operate investment and advisory services in the financial sector. The company has registered with the Abu Dhabi Department of Economic Development and has been providing specialized services to the customer.

Noor capital provides the broader array of the services except the investment services some of them are;

  • Financial advisory
  • Investment
  • Fund administration
  • online forex trading platform

The investor may get the opportunities to invest in the products owned by the Noor capital or the third party.

5. Allied Investment Partners

The company was established in 2007 after obtaining the operating license from the central bank of the UAE. Although the company does not have many years of experience in the financial sector, highly qualified experts have contributed to the company as well as to the growth of the customer’s investment.

Services;

  • Asset management
  • Investment advisory
  • Wealth management
  • security and corporate advisory

6. Rasmala 

The company was founded in 1999 as an independent investment management manager. Initially, it was operated in the Gulf region, but now its geographic business footprint has reached the advanced financial market in the world, including London.

Rasmala provides a range of investment options to UAE residents in the world’s largest financial market. The services it offers are higher and the outstanding revenue generates to the customer.

7.SHUAA Capital

It is a UAE based old investment and wealth management company that was established in 1979 in the UAE, the headquarters of the firm is in Dubai. SHUAA has worked in the Gulf region to get the investment fund out of the foreign market and to allow the gulf resident to invest in the world market.

The company offers investors, products, and services with value-added advice and It is a pioneer in the field of exceptional product offering and excellence in financial services, in particular asset management and SME financing.

Services;

  • Investment Banking
  • Capital Markets
  • Lending
  • Asset Management
  • Corporate manages

8. EnTrustPermal Investment 

It is a London based investment management company that has an office in Dubai. EnTrust Global offers the broader ranges of investment options to the institutions and individuals. The firm provides investment and advisory services including; More

  • co-investments,
  • private debt and real assets,
  • multi-asset and
  • multi-strategy portfolios

9. Palma Capital Limited

The company founded in 2009 in the Dubai international financial center (DIFC). The company offers corporate financial advisory and investment Opportunites, especially in the local market.

It allows investors to find the investment alternative and to finance the necessary companies.

Conclusion;

As I said previously many commercial banks in the UAE offer investment banking services, however, these above financial institutions are the best and top investment banks in UAE and well known from the general public.

Full list of development bank in Nepal by today

Ranga Singh
-
0

The Central Bank has rated the development bank in Nepal as the B-Class bank. The national ranking of the financial institution is second following the commercial banks.

Opening the development bank was easy, as the government thought that more financial institutions would allow all kinds of people to access financial services. Under this initiative, Many development banks were established and approved by the central bank.

That concept brings weakness to the financial markets. It was difficult for the central bank to regulate them, because of, many financial institutions in the market.

Therefore, on the one hand, the government introduced the merger policy. And, on the other hand, increased the paid-up capital.

Result for that, several banks merged with commercial banks and some merged with the finance companies to meet the government requirement. By mid-April 2020, only 23 development banks have remained and the number will fall in the future.

Although 1 year has passed since the NRB raised the paid-up capital, many development banks have not met the requirements of the central bank.

There are three types of development banks in Nepal depending on their paid-up capital and area of operations.

  • 1- 3 districts operation
  • 4- 10 districts operation
  • nationwide operation.

The present requirement of paid-up capital for the development bank is NRs.500 million, 1.2 billion, and 2.5 billion respectively. Despite, the categorization they provide similar services.

commercial banks in Nepal

The functional area of a development bank in Nepal

list of a development bank in Nepal

[table id=9 /]

Development banks in Nepal give their customers a high interest in deposits and they also have a high interest in their loan products. Most of the development banks provide the modern banking including, ATM, mobile banking, and internet banking.

However, the B-Class banks in Nepal run with a high-profit margin they have no choice without merging with other financial institutions to meet the government requirement of paid of Capital or raise the fund internally for paid of Capital.

Full list of Active Finance Company In Nepal,

Ranga Singh
-
0

The central bank of Nepal has divided the financial institutions into 4 categories depending on their paid-up capital and other financial responsibilities. The finance company in Nepal is categorized as a “C” class financial institution following a development bank.

The categories of Financial institutions in Nepal

  1. A-Class (Commercial Banks)
  2. B-Class (Development banks)
  3. C-Class (Finance company)
  4. D-Class (Micro Finance company)

What types of financial transactions are carried out by a finance company in Nepal?

  1. Disburse credit for hire-purchase, leasing and housing loans,
  2.  Make arrangements for jointly disbursing credits on the basis of consortium financing in collaboration with other banks or financial institutions. However, the mutual agreement requires the division of the collateral.
  3.  Accept loans having mortgaged its movable and immovable assets,
  4.  properly manage its assets, sell or rent as well as lease them out,
  5.  the issue, accept, make a payment, discount or purchase and sell, such as bills of exchange,  promissory notes, cheques, traveler’s cheques, in addition to other financial instruments,
  6. Carry on the transaction of foreign currencies by obtaining approval
    from the Rastra Bank,
  7. Disbursement of the loan to any person, firm, company, or institution.
  8. Financing motor vehicles, machinery, tools, equipment, durable household goods or similar other movable property,
  9.  provide leasing finance to any person, firm, company, or institution to hire vehicles, machines, tools or instruments, household durable goods, or similar types of movable assets.
  10. Issuing guarantees for their customers to execute bonds, for buying movable or immovable properties as collateral or on a mortgage.
  11. Sell off or leasing out whole or part of its assets
  12. Prescribe prices of goods on consent with the finance company and seller in case any goods procured to sell to another purchaser on the current price or deferred price.
  13.  Carry out other functions as the prescription of the Rastra Bank.

Although there were over 100 financial companies participating in Nepal’s financial market, the number of finance companies has decreased in the last five years, because, the majority of those have already merged with a commercial bank in Nepal.

Since the NRB increased the paid-up capital for all types of financial institutions in Nepal that forced the C-class Finance to merge with another bank or financial institution.

List of the Finance Companies In Nepal

[table id=11 /]

How does Remitly Nepal Pay your money?

Ranga Singh
-
0

I have been doing the remittance business in Nepal for the last 15 years. There were only a few international companies that could send money. As I recall 15 years ago, it took at least two days, and sometimes even a week, to pay money to the beneficiary. Now, those days have over, the rapid development of the technology and remittance business now the money can deliver within a minute. Today, in this post, I would like to tell you how the Remitly Nepal pays the money even if it doesn’t have an office in this country.

Is the Remitly Nepal registered company in Nepal?

No, it is an international cross-border money transfer company that is not registered with the Central Bank of Nepal. There are no international money transfer companies that have been authorized to do independent business here in Nepal unless they have partnered with the local company. It is the policy of the Nepalese government.

How is Remitly working in Nepal?

It is common in remittance business in Nepal, not all local remittance companies that can set up an office abroad where NRNs work and stay. Similarly not all the foreign remit companies can establish offices in Nepal, because, it could be a high cost for them. To reduce their operating costs, most of the companies they work as partners, including Remitly Inc.

Remitly inc is the partner with Nepal remit, which is registered as a remittance company with the central bank of Nepal. Although Nepal remit is a new company it has 2831 payout locations including agents across the country.

Nepal remit international Pvt. Ltd has been working extensively with international and national partners for the inward remittances. Most of the domestic banks are the partner of the Nepal remit so, the recipient can pick up cash from the bank branches or the agent offices.

There are 1000 agents in the Kathmandu valley of Nepal remit who pays out the cash that comes through Remitly Nepal and the following banks’ branches also payout in cash or into the bank account across the country.

The commercial and development bank that pays out Remitly remittance.

  1. Bank of Kathmandu Ltd
  2. Century Commercial Bank Ltd.
  3. Citizens Bank
  4. Gandaki Bikas Bank
  5. Global IME Bank Ltd
  6. Jyoti Bikash Bank
  7. Kamana Sewa Bikash Bank Ltd
  8. Kumari Bank Ltd.
  9. Kumari Bank Ltd.
  10. Mahalaxmi Bikas Bank Ltd
  11. Mega Bank
  12. Nepal Credit and Commerce Bank
  13. NIC Asia Bank
  14. Prabhu Bank
  15. Sanima Bank
  16. Shangrila Development Bank

These above banks have the branches in almost all districts, so, there is no place where the Remitly fund will not be paid. If you want to search the nearest agent in your district then click here.

How can you send money through Remitly?

If Remitly is available in your country for sending money you need to register as the user and there are two way you can choose one of them;

  1. Pay with debit or credit cards.
  2. Pay with your bank account.

How long does it take to deliver money in Nepal?

Usually instantly, unless there is a problem with clearing the fund from your account or credit/debit card to the Remitly account. From my experience, the fund will be available in Nepal the next day if there is no holiday in the sender country and Nepal.

Why should you send money from Remitly Nepal?

Every remittance company has determined its own exchange rate and service charge. The Remitly exchange rate is competitive and sending charge also low as well as AHC (automated clearing House) facilitated charge.

If you want to check Remitly to Nepal. exchange rate clicks here.

You may interest more topics

Best Insurance Company in Nepal all time

Ranga Singh
-
0

There are life insurance and non-life insurance companies in Nepal. 50 percent of the companies are new, and a handful of international insurance companies have involved in the Nepal insurance market. Although the insurance market is very tough some best insurance company in Nepal are doing very well as we analyze their financial data their profit has been dramatically rising since the last 10years.

The first challenge for the top insurance company in Nepal is that many Nepalese people live below the poverty line and have no access to private insurance.

Another problem for insurance companies in Nepal is that people usually do not know about insurance benefits, even if they have the capacity to pay the premium not willing to insurer themselves.

On the other hand, non-life insurance companies also have a similar fate, people only insured their vehicles even though companies offer many options, including house insurance, business insurance, etc.

The Nepal Insurance Board is the regulatory body that proposes, tabulates, and enforces insurance policies for all insurance companies. Only the old company managed to hit the top insurance company in Nepal.

Best Insurance company in Nepal

  1. Nepal life insurance;

It was established as a public limited company by private investors in 2001. At the end of the fiscal year 2018/19, the company’s paid-up capital is Rs.549.61 Crore, which issued 11,10,688 conventional policies and 15,15,769 foreign expatriate policies. The company offers the highest premium rate to the insured, NPR 62–82 per 1,000 per year announced at the General Assembly in 2019.

Contract Information

Nepal Life Insurance Company Limited
Address: Heritage Plaza-1, 2nd Floor
Another Address: Kamaladi, Kathmandu
G.P.O.Box. No:11030
E-Mail: [email protected]
Telephone :01-4169082, 01-4169083, 01-4169085
Fax:01-4169079
Website

2. National life;

It is one of the oldest and leading insurance companies in Nepal, established in A.D 1998 in accordance with the Nepal Company Act 1964 and the Insurance Act 1968.

As the old one is gold, the firm has made a reputation as a company with higher approval rates from the general public. According to the 2019 report, the company’s paid-up capital is Rs.3082 million, and the bonus rate for the insurer is 61-80 per thousand annually.

Contact information

NATIONAL LIFE INSURANCE COMPANY LIMITED
P.O. Box: 4332, Lazimpat, Kathmandu, Nepal.
Tel: 977-1-4414799, 4416556, 4414803, 4435636;
Fax: 977-1-4435633
Email: [email protected];
Website

3. Rashtriya Bima Sansthan

It was also the oldest insurance company in Nepal that was established in A.D in 1967. The company is close to meeting the Nepal government’s requirement for paid-up capital for a private insurance company in Nepal. According to their third-quarter audit of fiscal year Bs. 2076/77, the capital paid-up is Rs. 1,81,000,000. It’s a new bonus rate of 65 to 82 per thousand per year.

Contact Information;

Ramshahpath, Kathmandu
Phone: +977-01-4262520
Email: [email protected]
Website

4. Prime life insurance;

It is one of the leading insurance companies in Nepal where the general public owns its 70 percent share and the promoter retains 30 percent share. Although the company was founded in 2007, it has a fast-growing history of 13 years. The main promoter of this company is Kumari Bank, Wich is an A-level bank in Nepal.

Fiscal year Bs. 2076/77 in the third quarter. Its paid-up capital is Rs. 1,784,835,000 and is still lower than the government requirement.

Contact Information; 

Hattisar, Kathmandu
P. Box 25979
00977-1-4441414
[email protected]
Website

5. Life Insurance corporation Nepal

Shortly knows as LIC which established in 2001 joined venture between the Vishal group of Nepal and Life Insurance Corporation of India. 55% share has hold by the L.I.C India, 25% Vishal Group and 20% from the General public.

The company bonus rate has remained between 66 to 80 per thousand annually in 2019. Although it is an international Indian company that has been presented in many countries, it comes No. 4 in terms of its risk-taking capacity in Nepal. Its paid-up capital ended in RS. 1,334,677,500 for fiscal year Bs. 2075/76 in Nepal.

Contact Information;

Po Box No: 21905, Kathmandu
Fax: 01-4012615
Email: [email protected]
Phone : 01-4012613, 01-4012614
Website

6. Asian Life Insurance;

Asian Life Insurance Company has set up A.D. 27 February 2008 after obtaining Beema Samiti’s operating license in accordance with the Insurance Act A.D.1993 (Insurance Regulatory Authority of Nepal).

70 percent of the company’s share has been won by the promoters and 30 percent by the general public. According to the 3rd quarterly report of fiscal year 2076/77, its paid-up capital amounts to Rs. 1,256,725,740. The company has operated the 35 branches across the country.

Contact Infomation;

Kathmandu Ma.Na.Pa Ward No 30, Maitidevi
Phone +977-1-4410115 | +977-1-4430270
Email: [email protected]
Website

7. American Life Insurance company (MetLife)

The company is the first international Life insurance company in Nepal, founded in 1868 under the name of MetLife inc. It is now the leader of all types of insurance, including life insurance, non-life insurance, and health insurance. It presents the business footprint of more than 50 countries around the world.

The company opened its subsidiary office in 2001 in Nepal after getting an operating license from the NIB (Nepal Insurance Board). Currently, it has been providing life and non-life insurance services to customers.

As the first foreign company in Nepal, coming from a mature insurance market, it has been gaining momentum since the start of business in Nepal. Currently, the MetLife Nepal Bonus Rate is 66 to 80 per 1,000 rupees.

Contact information

Metlife Alico,
Nepal Plaza, Tridevi Sadak, Kathmandu 44600
Phone: 01-6214743
Website

8. Surya life insurance

The company was founded in A.D. 2000 under insurance act bs. 2049 and the company act bs. 2063 as a privates insurance company in Nepal. 70 percent of the share is held by promoters and 30 percent is owned by the general public.

The authorized capital of the company ended NRs 300 crore and paid-up capital Rs. 1,131,900,000 for the financial year bs. 2076/77. Its bonus rate for the insurer is 38 to 73 per thousand annually.

Contact Information;

Sano Gaucharan, Kathmandu, Nepal
Phone: 01-4423743
Fax: 01-4419565
Email: [email protected]
Website

9. Guras Life Insurance;

Gurans Life Insurance Company was founded in A.D. 2008 as a privately-owned organization. Dugar Group and Sunrise Bank Ltd are the main promoters of this firm and only 30% of shares have provided to the general public. Total shareholders of this company are 26,000 and paid for capital in the financial year of Bs. 2075/76 is 594,000,000. The bonus rate for the insurer is 51 to 87 per thousand annually.

Contact Information;

Gurans Life Insurance Company Ltd.
Shree Raj Bhawan, Tinkune,
Kathmandu, Nepal
Toll-Free:1660-01-44400
Hunting Line: 01-5199310
Fax: 01-5199061
Email.:[email protected]
Website

10. Union life insurance company;

It is one of the new companies that has entered the insurance market in Nepal along with nine other new companies. Most of the new companies came into the market with Rs. 1,400,000,000 paid-up capital but In the third quarter of the fiscal year 2076/77, the paid-up capital is RS. 1,505,000,000 which is higher than other new insurance companies in the market.

The company share has subscribed by the very largest business group in Nepal including Jagadamba Group, Golchha Group, Gadiya Group, Naupane Group, Rajesh hardware & Tibrewala Group. 70% of the share is owned by the promoter and 30% by the general public.

Contact Information;

New Baneshwar, Kathmandu
Phone: 01-4784758,01-4786225,
Toll-Free: 1660-01-05555
Email: [email protected]
Website

Conclusion;

On the list of the best insurance company in Nepal has been chosen base on various factors such as company age, paid-up capital, bonus rate, total release policies, and profit of the organization. Although the new companies have higher paid-up capital then the older they have low reserved funds and bonuses.

1...212223...41Page 22 of 41