condition of bank in nepal

The beautiful natural sceneries of Nepal have widely attracted a number of tourists in the country all through these years. But the economy of Nepal has remained stagnant as a result of poor development of infrastructural facilities in the country. In order to improve the living conditions of people in the country, banks in Nepal came up with innovative banking schemes intended to upgrade the economic condition of the country. The banking institutions in Nepal offer modern banking facilities and some of the international banks of repute have also opened their branches in the capital city of Kathmandu to cater to the needs of foreign travelers. These banks in Nepal offer money exchange value of almost all foreign currencies as well

as profitable credit card facilities for foreign travelers. If you’re a shopaholic and love to take home some good Nepali artifacts, then you can opt for shopping credit card scheme offered by these international banks, which also give discount facilities especially during the peak season. Majority of the banks in Nepal have made it mandatory to exchange foreign currency either through authorized agents or the money exchange counters located at the Tribhuvan International Airport, in Katmandu. Also when you exchange for money, please ask the respective counters to give you the money exchange receipt. It’s important to note that there are 24 hrs cash withdrawal facilities at some of the popular banks of Nepal. Some of banks in Nepal offer unique facilities for the development of agri-oriented industries in the rural areas. There are certain financial banks in Nepal like the Grameen Bikash Bank Biratnagar, which is in fact a semi government organization with a share distribution of 34.95 % Central Bank of Nepal, 8.25% Nepal government and 25 % different commercial banks. This bank offers different kinds of financial products such as---insurance, voluntary savings and loans.