NIC Asia IPO Remittance Account: Best Saving Account For Nepali Migrant Workers
2nd July 2025, Kathmandu
If you are a Nepali citizen working abroad, NIC Asia Bank offers a special opportunity. The Sarbashrestha Remittance Saving Account IPO is designed for migrant workers. This account allows you to earn high interest and apply for Initial Public Offerings (IPOs) in Nepal.
NIC Asia IPO Remittance Account
The Securities Board of Nepal (SEBON) has reserved a 10% IPO quota for Nepalis working overseas. To access this quota, you must have a labor permit issued by the Government of Nepal. This guide explains how to open the account and apply for IPOs from abroad.
What is Sarbashrestha Remittance Saving Account IPO?
NIC Asia Bank created this account for Nepalese migrant workers. It provides competitive interest rates and enables IPO participation. You can apply for IPOs from outside Nepal and get 10% IPO reservation if you meet the requirements.
This account is fully online and easy to manage. It connects you to Nepal’s capital market securely. You can grow your savings while investing in promising companies.
Why Choose This Account?
There are several benefits of opening this account:
High interest rates on your remitted funds
You can earn attractive interest on the money you send home, helping your savings grow faster than with regular accounts.
Access to the 10% IPO quota for foreign employment
The account gives you direct access to apply for IPOs under the government-reserved 10% quota for Nepali citizens working abroad with labor permits.
Online banking facility from anywhere
You can manage your account, check balances, transfer funds, and apply for IPOs easily through online platforms—even while living abroad.
Quick account setup and CRN generation
The process to open the remittance account and obtain your CRN (C-ASBA Registration Number) is fast and efficient, ensuring you’re ready for upcoming IPOs without delays.
Secure IPO applications via ASBA system
This account supports ASBA (Application Supported by Blocked Amount), which is the safest and most trusted method for applying for IPOs in Nepal.
This account offers more than just savings. It gives you an opportunity to be a part of Nepal’s investment growth by connecting your hard-earned money to profitable ventures back home.
Step-by-Step Process To Apply For IPO From Abroad
Open a Remittance Saving Account
Visit any NIC Asia branch or its digital platform. Open a Sarbashrestha Remittance Saving Account. This account is made for foreign-employed Nepalis.
Open a Demat Account
To apply for IPOs, you need a Demat account. NIC Asia will help you open one. It stores your shares digitally.
Submit Labor Permit
Provide a valid labor permit issued by the Nepal government. It confirms your status as a foreign-employed worker. Based on this, the bank issues your CRN (C-ASBA Registration Number).
Remit NPR 50,000 Within 6 Months
You must remit at least NPR 50,000 to this account within the last six months. This is required to qualify for IPO applications under the remittance quota.
Apply for IPOs On Time
Once an IPO opens, use your online banking or Mero Share account to apply. Make sure you apply before the deadline. Delays or incomplete steps may lead to disqualification.
Eligibility Criteria For 10% IPO Quota
To be eligible for this IPO facility:
You must be a Nepali citizen working abroad
Hold a valid foreign labor permit
Have a Sarbashrestha Remittance Saving Account
Open a Demat account and obtain a CRN
Remit NPR 50,000 or more within six months
Meeting all these conditions makes you eligible for SEBON’s 10% IPO reservation.
Features Of The Remittance Saving Account
Competitive interest rates for remitted funds
Zero minimum balance during the initial period
Easy access to banking services
Online transactions and statements
Fast CRN generation for IPO application
NIC Asia ensures that your account supports your financial goals. It also provides investment tools and guidance.
Advantages Of IPO Investment From Abroad
Investing in IPOs from abroad has many benefits:
Secure investment in Nepal’s growing companies
Higher returns than regular savings
Ownership in local businesses
Diversified investment portfolio
Boost to Nepal’s economy through NRN participation
By investing from abroad, you remain financially connected to Nepal.
Why NIC Asia Bank?
NIC Asia is known for innovation and customer satisfaction. It has a strong digital platform and a nationwide presence. The bank offers easy online banking, safe remittance, and fast investment support.
NIC Asia’s dedicated services make it a top choice for foreign workers. Their IPO support system is reliable and efficient.
Final Thoughts
If you are working abroad and wish to invest in Nepal, choose NIC Asia’s Sarbashrestha Remittance Saving Account IPO. This account gives you access to a 10% reserved IPO quota, better interest rates, and online banking services.
Start today. Open your account, remit NPR 50,000, get your CRN, and invest in IPOs confidently. Take your step toward financial growth—from abroad to Nepal.
For more:- NIC Asia IPO Remittance Account
