Remittance Service

Machhapuchchhre Bank Limited (MBL) has operated online web based remittance system, where by money can be sent to Nepal from Worldwide.

1. MBL REMIT

We have always been cognizant of the importance of Remittance Business and have played a pivotal role in this line with the help of both domestic and foreign counter parties. With a view to cater to the changing needs of the customers, the bank has initiated its own remittance product and started with the domestic remittance business in the name of MBL REMIT.

MBL REMIT is an online, real-time remittance processing system that is accessed through the Internet and is offered as an application service.

2. Managers’ Cheques (for local payments):

Machhapuchchhre Bank Ltd has been issuing Managers’ Cheques on behalf of its customers and also for the Bank’s own commitments or obligations and for other general purposes involving remittance of funds by bank’s own customers. The validity of these cheques is for six months.

3. Demand Drafts (for payments in India & abroad):

Machhapuchchhre bank Ltd has been issuing demand drafts on the request of the customer. Currently, the Bank has draft drawing arrangements with the following correspondent banks:

4. SWIFT Transfers:

SWIFT stands for Society for Worldwide Interbank Financial Telecommunications. Swift is one of the most reliable widely used fastest means of international financial telecommunication.

Funds can be transferred to and from the bank in most of the major currencies through our Correspondent Banks, Financial Institutions in Middle East, Europe and East Asia and also from other Banks.

Details to be provided to the remitter for Swift Transfer request:

Beneficiary Name: ……………………………
Beneficiary Account No: ……………………………
SWIFT Code: MBLNNPKA

A detail of our Correspondent Bank is listed below:

Correspondent Banks

Name of Bank	SWIFT Address	Bank A/C No.
US Dollars
Standard Chartered Bank One Madison Avenue New York, NY 10010, USA	SCBLUS33	3582 072 101 001
Mashreq Bank PSC, 255 fifth Avenue New York, NY 10016	MSHQUS33	70008068
ICICI Bank Limited 1, Austin Road West, 1504B-1505 International Commerce Centre Kowloon, Hongkong	ICICHKHHCLR	852022442
Industrial Bank Of Korea 79, Ulchiro, Chung-gu 100-758 Seoul, South Korea	IBKOKRSE	719-000108-57-00017
EURO
Standard Chartered Bank Frankfurt, Germany	SCBLDEFX	01808 6207
Sterling Pound
Standard Chartered Bank 22 Billiter Street, London EC 3M 2RY, United Kingdom	SCBLGB2L	1250847801
Japanese Yen
Standard Chartered Bank Sanno Park Tower 21F 2-11-1 Nagata-Cho, Chiyoda Ku, Tokyo 10 6155 Japan	SCBLJPJT	2192201110
Indian Rupees
Standard Chartered Bank 19 Netaji Subhas Road Kolkata, India	SCBLINBBCAL	32205121725
ICICI Bank 8th Floor, South Block, ICICI Tower Bandra Kurla Complex Mumbai 400 051	ICICINBB	000 405 075 251
Standard Chartered Bank Mumbai	SCBLINBB	331-0-513986-8
Central Bank of India Raxaul	IFSC CODE:CBIN0280031	1702527806
Mashreq Bank Mumbai	MSHQINBB	61049746
Axis Bank Siliguri Branch West Bengal	AXISINBBFIC	919020016886598
HDFC Bank Limited WORLI-SANDOZ HOUSE India IFSC: HDFC0000240	HDFCINBB	57500001595121
United Arab Emirates Dirham (AED)
Mashreq Bank Dubai, UAE	BOMLAEAD	AE210330000019030000067
AUD
STANDARD CHARTERED BANK (SINGAPORE) LIMITED. Marina Bay Financial Centre Tower 1, 8 Marina Blvd, Level Singapore, 018981 Singapore Commerz Bank AG	SCBLSG22	107304988
CNY
STANDARD CHARTERED BANK (CHINA) LIMITED. 22nd FLOOR, STANDARD CHARTERED TOWER, 201 CENTURY AVENUE, PUDONG SHANGHAI, PRC. ZIP CODE: 200120	SCBLCNSXSHA	000000501511489409
CAD
Commerz Bank AG	COBADEFF	400878702000CAD

5. E-Payment – Agency Remittance Services:

Electronic mode of Payment through Internet.

At MBL, we place strong emphasis on the secure and proper channelization of funds from around the world to Nepal. Recognizing the vital role remittances play in supporting families and contributing to the national economy, we have established strong agency partnerships with remittance service providers of Nepal.
Through these strategic alliances, remittance payments are efficiently delivered across our extensive network of branches, extension counters, and Branchless Banking (BLB) agents. Our wide reach ensures that beneficiaries can conveniently receive their funds in a safe, reliable, and timely manner—wherever they are located.
MBL remains committed to enhancing global connectivity and providing seamless remittance solutions to our valued customers.
1.    IME Ltd
2.    Prabhu Money Transfer Pvt. Ltd. 
3.    City Express Money Transfer Pvt. Ltd
4.    Samsara Remit Pvt. Ltd. 
5.    Ipay Remit Pvt. Ltd. 
6.    CFS – Himal Remit
7.    ATT Remit Pvt. Ltd. – Wester Union
8.    Nepal Remit International Pvt. Ltd. 
9.    NEO Money Transfer Pvt. Ltd.

6. International Remittance Partners:

i	Forex Sport Pty Ltd	Australia
ii	Al Muzaini Exchange Company	Kuwait
iii	Aman Exchange	Kuwait
iv	Joyalukkas Exchange	UAE
v	Sharaf Exchange	UAE
vi	U Remit International	UAE, Canada
vii	Direct Remit Worldwide	UAE
viii	Al Jazira Exchange	UAE
ix	CBL Money Transfer SDN BHD	Malaysia
x	AL Fardan Exchange	Qatar
xi	C Square (Rupee Send)	Japan
xii	C Square (Rupee Send)	South Korea
xiii	City Foreign Exchange	Hong Kong
xiv	LULU Exchange	Baharain
xv	Cashkush Inc	Cananda
xvi	Tonio Ltd	UK
xvii	Ayo Remit	UK
xviii	G S Cashline Limited	Cyprus
xix	SPSPI Smart Pay Services Payment Institution (Cyprus) Ltd	Cyprus
xx	Universal Payment Transfer	Turkey

 

Sending Charge Details
S.N.	Sending Partner	Country	Full Address	Contact Number	Website	Charge
1	Joyalukkas Exchange	UAE	Corporate Office , 5th Floor, New Century City Tower, Port Saeed, Deira, UAE	+971 4 29 73 300	https://www.joyalukkasexchange.com/	17 AED
2	SPSPI Smart Pay Services Payment Institution (CYPRUS) Ltd	Cyprus	Acropoleos Avenue 67,Nicosia, Cyprus 2012	+70001727	https://www.smartpayservices.eu/	7EUR
3	Al Muzaini Exchange Company	Kuwait	Al Mubarakiya, Saud Bin Abdul Aziz St., Opposite Kuwait Public Library, Al Muzaini Building	+965 2290 2290	https://www.muzaini.com/	0.05 KD to 1.25 KD
4	CBL Money Transfer SDN BHD	Malaysia	No. 2, Leboh Pasar Besar, 50050 Kuala Lumpur, Malaysia	+60 326933777	https://www.cblmoneytransfer.com/	10 MYR
5	G.S CASHLINE	Cyprus	17 Onasagorou Street, 1011 Nicosia, Cyprus	+7777 2772	https://cashlinemoneytransfer.com/	4 EURO
6	City Foreign Exchange	Hong Kong	Units A-B, 13th Floor, Century House, 3-4 Hanoi Road, Tsim Sha Tsui,Kowloon, Hong Kong	(852) 2366 7725, (852) 2366 7748	https://www.cityforex.com/	15 USD
7	U Remit	Europe, USA, Canada, Gulf Region, and Middle East	4 Robert Speck Parkway Suite 1500, Mississauga, Toronto, Ontario, L4Z 1S1, Canada	+1-905-4023222	https://www.uremit.ca/	0.5 to 1.5 USD
8	Sharaf Exchange	UAE	2nd Floor, Sharaf Building, Near Sharaf DG Metro Station, Al Mankhool street # 7 Dubai, United Arab Emirates	+971 600 54 0002	https://www.sharafexchange.ae/	15 AED
9	LULU Exchange	Bahrain	Building 1723, Road 4041, Block 740, A?ali, Kingdom of Bahrain	+973 17641290	https://luluexchange.com/	1.5 BHD
10	AL Fardan Exchange	Qatar	Alfardan Center 6th Floor,Grand Hamad Street,PO Box 339 - Doha, Qatar	+974 44537777	https://www.alfardanexchange.com.qa/	23 QAR
11	C Square (Rupee send)	Japan	2F Shinjuku Uchino Bldg.II,1-36-7 Shinjuku,Shinjuku-ku,Tokyo,Japan	+03-3359-0028	https://www.rupeesend.com/en/	480 JPY (Normal), 340 JPY (Student)
		Korea	8F, West Tower, 322, Teheran-ro, Gangnam-gu, Seoul, Korea	+02-6958-7075	https://www.rupeesend.co.kr/	3,000 KRW
13	ForeX Sport Pty Ltd	Australia	Level 6, 100 Collins Street, Melbourne Victoria 3000	+03 9008 1880	https://www.forexworldwide.com/	5AUD
14	Direct Remit	UAE	Direct Remit Ltd. Unit 8B Whitmore Road, Small Heath, B10 0NP Birmingham, United Kingdom	+442077241846	https://www.directremitworldwide.com/	10AED
15	Hums Remit	UK	33-35 The George Centre, High Street, Grantham, England, NG31 6LH, United Kingdom ????????	+44 203 034 1211	https://ayoremit.com/
16	Al Jazira Exchange	UAE	Khalidiya, Abu Dhabi, United Arab Emirates.	+971 2 5658866	https://www.jaziraexchange.com/
17	Bhandari Brothers Ltd	UK	51 Cambridge Street, Grantham, England, NG31 6EZ, United Kingdom	+44 203 034 1211

*Remittance Reference Rate: 1 USD = 146.01 NPR