If you are looking for the SWIFT Codes of Banks in Nepal for an International Fund Transfer from a foreign country to Nepal, then you have come to the right spot. In this blog, we have presented the SWIFT codes of Banks in Nepal.
What is a SWIFT Code?
In today’s global financial world, sending and receiving money across different countries is a common thing. To make sure these transactions go smoothly, we use a special code called a SWIFT code. SWIFT stands for “Society for Worldwide Interbank Financial Telecommunication.” These codes are like unique addresses for banks and help money move securely from one place to another all over the world. In this article, we’re going to explore the banks in Nepal and learn about the SWIFT codes they use.
SWIFT codes are like keys that help connect Nepal’s banks to the rest of the world. Whether you’re a business owner wanting to send money abroad or someone sending money to family in another country, knowing these SWIFT codes is crucial to make sure your money reaches the right place safely and quickly. In this article, we’ll break down what SWIFT codes are, and how they work, and give you a list of SWIFT codes for the major banks in Nepal. So, let’s begin our journey to understand how Nepal’s banks connect with the world and the secret codes that make it happen.
A SWIFT code is a unique identifier for a bank or other financial institution. It is also known as a Bank Identifier Code (BIC). SWIFT codes are used to send and receive international money transfers.
SWIFT codes are made up of eight or eleven characters, and they contain the following information:
- The first four characters identify the bank.
- The next two characters identify the country where the bank is located (ISO 3166-1 alpha-2 country code).
- The next two characters identify the city where the bank is located.
- The last three characters identify the branch code of the bank (optional).
SWIFT Codes of Banks in Nepal
The following tables contain the Names of different banks in Nepal and the SWIFT Codes of Banks in Nepal.
|Name of Commercial Banks
|SWIFT Codes of Banks in Nepal
|Agriculture Development Bank Limited
|The majority stake of the Government of Nepal
|Citizens Bank International Limited
|Everest Bank Limited (A Joint Venture with Punjab National Bank, India)
|Global IME Bank Limited (After the merger with Bank of Kathmandu Limited)
|The Account Holders of the Bank of Kathmandu are also required to use GLBBNPKA
|Himalayan Bank Limited (After the merger with Civil Bank Limited)
|The Account Holders of the Civil Bank are also required to use HIMANPKA
|Kumari Bank Limited (After the merger with Nepal Credit and Commerce Bank Limited)
|The Account Holders of Nepal Credit and Commerce Bank are also required to use KMBLNPKA
|Laxmi Bank Limited (After the merger with Sunrise Bank Limited)
|The Account Holders of the Sunrise Bank are also required to use LXBLNPKA
|Machhapuchhre Bank Limited
|The Account Holders of Sunrise Bank are also required to use LXBLNPKA
|Nabil Bank Ltd (After the acquisition of Nepal Bangladesh Bank)
|Beena Marg, Kathmandu
|The Account Holders of Nepal Bangladesh Bank are also required to use NARBNPKA
|Nepal Bank Limited
|The majority stake of the Government of Nepal
|Nepa Investment Mega Bank Limited (After the merger with Mega Bank Nepal Limited)
|The Account Holders of Mega Bank are also required to use NIBLNPKT
|Nepal SBI Bank Limited
|NIC Asia Bank Limited
|NMB Bank Limited
|Prabhu Bank Limited (After the acquisition of Century Commercial Bank Limited)
|The Account Holders of Century Commercial Bank are also required to use PRVUNPKA
|Prime Commercial Bank Limited
|Rastriya Banijya Bank Limited
|Fully owned by the Government of Nepal
|Sanima Bank Limited
|Siddhartha Bank Limited
|Standard Chartered Bank Nepal Limited
In addition to these 20 commercial banks, the following banks also have their SWIFT codes. This includes one development bank, one infrastructure bank, and one central bank. The following are the SWIFT Codes of Banks in Nepal (type: other).
|Name of Banks
|Jyoti Bikash Bank Ltd.
|The only development bank that supports SWIFT transfer
|Nepal Infrastructure Development Bank
|Special Class Bank
|Nepal Rastra Bank
|SWIFT code of Nepal Rastra Bank i.e. Central Bank of Nepal (FED represents branch code for Federal Bank or Central Bank)
Overall, all the commercial Banks in Nepal have their SWIFT membership code. The SWIFT codes of Banks in Nepal make the remittance of money from outside the country to Nepal easier. Because of the very expensive SWIFT membership fee, a lot of development banks and finance companies are not on the list of SWIFT Codes of Banks in Nepal.