How to convert saving account to Remittance IPO Account?

Modified on Wed, 23 Apr at 4:33 PM

You can transfer your existing account scheme or open new remittance IPO account to apply for the reserved (Foreign Employment) IPO.

To open a new remittance IPO account, visit the link (https://www.nicasiabank.com/savings/sarbashrestha-remittance-bachat-khata-ipo/ ).

For scheme transfer to Remittance IPO Account you can provide following documents at feedback@nicasiabank.com

Handwritten Application to transfer your account scheme into Remittance IPO Scheme account mentioning following details: (a)Account name (b)Account number (c) Demat number (d) Signature
Work Permit issued by Government of Nepal.
Passport
Valid Visa, Temporary residence card or employment card
Remittance Account Declaration (Declaration form is attached below)

The applicant must have deposited at least NPR 50,000 in the remittance saving account within the previous 6 months as remittance to be eligible for the reserved (Foreign Employment) IPO.

Note: You can only deposit remittance money in your remittance account after scheme transfer.

Note: Rs.500 is applicable for the scheme transfer per instance.