Remittance
“PRABHU REMIT” is one of the prominent services of the bank through which bank is delivering the Fund transfer services for overseas migrant workers and Nepalese residing in overseas. Similarly, domestic transfer services is also delivered within the country. “PRABHU REMIT” service provide international fund transfer services where bank has also promoted the “REMITTER” & “RECEIVER” to open the bank account with Prabhu Bank Ltd. PRABHU REMIT has tie-up with Prabhu Money Transfer for the payment of remittance through their network within the country. PRABHU REMIT is a brand amongst the Nepalese residing in overseas. Bank has tie ups with exchange houses, remittance service providers and banks in Australia, Canada, Cyprus, Georgia, India, Japan, Kingdom of Saudi Arabia, Kuwait, Malaysia, Oman, Qatar, South-Korea, United Arab Emirates, United Kingdom and United States of America for remittance services.
International Remittance Partner : 31
No of Remittance pay out agents: More Than 10 Thousands
Besides own branch network, the Bank has close tie up with Prabhu Money Transfer, the leading remittance company in Nepal which also operates overseas. Thus the bank has access to a network of more than 10000 payout agents across the country. Prabhu Money Transfer is the remittance company in Nepal which settles remittance transactions on real time basis. Thus, franchise with Prabhu Money Transfer has enabled the bank to provide fastest remittance service to its large number of customers in any part of the country. Besides local network, the bank has established account and correspondent relationship with various reputed banks as well as exchange companies around the globe to carry out trade and remittance businesses.
Local Payment Agents of Prabhu Money Transfer Nepal:
Prabhu Money Transfer has established network of more than 10000 local payout agents which mainly include:
- Commercial Banks – A Class Banking License (out of 20, 15 banks are the agent of Prabhu Money Transfer)
- Development Banks – B Class Banking License ( 17 Dev. Banks)
- Finance Company – C Class Banking License( 17 Finances)
- Micro Finance Company – D Class Banking License ( 57 Micro Finances)
- Cooperative Banks (3600+ with a/c credit facility)
- Private Companies.
List of International Remittance Partners:
| S.N. | Remittance Partners | Country | Sending charges |
| 1 | PRABHU GROUP INC | USA | USA-Account USD1 to USD2005-USD5 USD2005.01 to USD3010-USD10 USD3010.01 to USD5015-USD15 USD5015.01 to USD7520-USD20 USD7520.01 to USD10025-USD25 USA-Cash USD1 to USD305-USD5 USD305.01 to USD1008-USD5 USD1008.01 to USD2010-USD8 USD2010.01 to USD3015-USD10 USD3015.01 to USD5025-USD25 UAE-Account AED1 to AED 20000-AED15 Qatar-Account QAR1 to QAR 20013-QAR12 Japan-Account JPY1 to JPY30000-JPY500 JPY30000.01 to JPY150000-JPY1000 JPY150000.01 to JPY 1200000-JPY1500 Kuwait-Account KWD1 to KWD901-KWD1 |
| 2 | MERCHANTTRADE ASIA SDN BHD | MYS | Cash Pickup=MYR 1-3,000= MYR 12; MYR 3,001-5,000= MYR 15;MYR 5,001-50,000= MYR 20; Account Credit= MYR 10 |
| 3 | RBL BANK LTD | INDIA | Cash:- INR 1 to 5000 CHARGES:-150; Cash:- INR 5001 to 50000 CHARGES:-199; Account:- INR 1 to 5000 CHARGES:-90; Cash:- INR 5001 to 50000 CHARGES:-120 |
| 4 | THE NATIONAL BANK OF RAS AL KHAIMAH (P.S.C.) | ARE | AED 10 |
| 5 | AL MUZAINI EXCHANGE CO. K.S.C.C | KUWAIT | 1KWD |
| 6 | KUWAIT BAHRAIN INTERNATIONAL EXCHANGE | KUWAIT | KD 0.250 to KD1.250 Varies Areawise |
| 7 | G.S. CASH LINE LTD | CYP | EUR4 |
| 8 | JSC MFI INTELEXPRESS | GEO | 0-600=3.5EUR; 600.01-700=4EUR; 700.01-900=5EUR; 900.01-1700=6EUR; 1700.01-3000=8EUR; |
| 9 | AL RAJHI BANK | SAU | Center-SAR19.55,SAR25.30,SAR35.65; ATM=18.40,23.00,34.50; Tahweel App=17.25 |
| 10 | AL RAZOUKI INTERNATIONAL EXCHANGE CO. WLL | UAE | AED 15 |
| 11 | INDEX EXCHANGE COMPANY L.L.C | UAE | 15AED-20AED |
| 12 | AL AHALIA MONEY EXCHANGE BUREAU | UAE | 15AED-20AED |
| 13 | LOTUS GROUP END SDN BHD | MYS | RM 10 |
| 14 | MASTERCARD TRANSACTION SERVICES | USA | From Various Countries in the World |