One of the major services offered by banks to the society is sending and receiving money from one city to another, one state to another and one country to another country within the least possible time and at the least possible expense.
Depending upon your need, any of the various methods can be used by you for sending money - Demand Drafts, Payorders, NEFT, RTGS or IMPS. The first two - Demand Drafts and Pay Orders have been used traditionally as the only sensible methods of transferring funds from one place to another but now computer technology has enabled NEFT, RTGS and IMPS also.
Shivalik Bank issues DD on almost every city in the country and takes only a few minutes to deliver the DD.
Payorders are needed by the people to make local payments. Therefore, a bank branch issues payorder payable by itself.
As per guidelines of the Reserve Bank of India, Shivalik Bank has started accepting requests for sending remittances to Nepal from India. Under the scheme, maximum Rs. 50,000/- can be sent by way of NEFT by a Nepalese citizen to his home in Nepal who is currently living and working in India. A person can send remittance not more than 12 times in a year.
The remitter can deposit the remittance amount in Cash also and he need not be a customer of the bank. However, KYC documents would be required along with application for remittance.
If you are a citizen of Nepal currently in employment in India, you are welcome to use this remittance facility at Shivalik Bank.