Open Nepal Bank Account Online Abroad: No National ID Required for Expats
10th April 2025, Kathmandu
Nepal Rastra Bank has announced new rules for Nepali citizens living abroad. They can now open bank accounts without needing a national identity card. The move aims to simplify banking for Nepali expatriates and workers in foreign countries.
Open Nepal Bank Account Online
Previously, Nepali nationals living overseas had to provide a national ID card to open a bank account. Under the new guidelines, this is no longer a requirement. Instead, they can submit other documents like a passport or a visa to prove their Nepali nationality. The change is especially useful for Nepali workers and students who live in countries where national IDs are not easy to obtain.
The new rule allows Nepali citizens abroad to open accounts online with authorized institutions in their host countries. This will make it easier for them to manage their finances, send money home, and access other banking services. Many Nepali nationals will now be able to open accounts without facing the obstacle of obtaining a national ID card.
Updating Accounts Upon Returning to Nepal
There is one important condition in the new rule. If a Nepali citizen returns to Nepal, the bank must update their account within 35 days. This means the bank must obtain the person’s national ID details when they come back to Nepal. The update ensures that the account information is accurate and up to date. This requirement aims to prevent any issues related to identity verification and account management.
Supporting Vulnerable Citizens
The new guidelines also address the needs of vulnerable Nepali citizens. These include people who are disabled, incapacitated, or unable to care for themselves. For these citizens, the requirement to provide a national ID or ID number will be waived. Instead, they can submit other necessary documents to open and use a bank account.
This provision ensures that people in difficult situations can still access banking services. It shows Nepal Rastra Bank’s commitment to making banking accessible to everyone, regardless of their ability to present a national ID. This is especially important for those who may face challenges in obtaining or using a national identity card.
Impact on the Nepali Diaspora
The change in rules is expected to have a significant impact on Nepali nationals living abroad. Many of them face difficulties in accessing banking services due to the requirement for a national ID. Now, they will be able to open accounts more easily with alternative documents. This will make it simpler for Nepali workers, students, and families to manage their finances.
Moreover, this move may encourage more Nepali citizens abroad to participate in the formal banking system. With remittances playing a key role in Nepal’s economy, making it easier for Nepali nationals to send money back home will be beneficial for both individuals and the country.
Conclusion
Nepal Rastra Bank’s decision to allow Nepali nationals abroad to open bank accounts without a national ID card is a major step forward. This change makes banking more accessible for Nepali citizens living outside the country. The provision for vulnerable citizens ensures that everyone can participate in the formal financial system. These new rules will improve financial services for the Nepali diaspora and help strengthen the country’s economy.
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