NRB Remittance Bylaws 2079 issued, require paid-up capital at Rs. 250 million

By A Staff Reporter,Kathmandu, Jan. 28: Nepal Rastra Bank has issued ‘Nepal Rastra Bank Remittance Bylaws, 2079 to better manage the remittance companies and payment service systems. The NRB has cancelled Remittance Bylaws 2067. In order to get a license to carry out remittance business, the minimum paid-up capital of the company should be Rs. 250 million.