Remittance in Nepal – Fixed Deposit Rates, and Importance (2025)
Remittance in Nepal plays one of the most important roles in supporting households. Additionally, it strengthens the national economy and contributes significantly to GDP. With this in mind, millions of Nepali workers employed abroad continue to send money home. As a result, remittance inflow has grown every year, making it a major pillar of Nepal’s economic development.
In this updated 2025 guide, we cover the latest remittance fixed deposit rates, the importance of remittance, its contribution to GDP, advantages, and the top remittance companies.
Latest Remittance Fixed Deposit Rates(2025)
Many Nepali banks offer special fixed deposit rates for remittance accounts. These rates are usually higher than standard savings accounts. Therefore, they encourage Nepalis working abroad to save securely while earning better returns.
Foreign employment is a major driver of remittance inflow. Every year, hundreds of thousands of Nepalis migrate for work. As a result, remittance continues to grow steadily. Most workers travel to countries such as:
Qatar
UAE
Saudi Arabia
Malaysia
South Korea
Because of their earnings, Nepal receives a large amount of foreign currency. Consequently, these remittance transfers directly support Nepal’s economy and strengthen household income across the country.
List of Remittance Companies
Some of the most popular and trusted remittance companies include the following. Additionally, these services offer fast transfers, wide networks, and reliable support:
IME Remit
Prabhu Remit
Himalayan Bank Remittance
Western Union
Khalti Remit
eSewa Money Transfer
Moreover, these companies continue to expand their digital services, making remittance transfers easier and faster for Nepalis living abroad.
FAQ’s
Remittance boosts national reserves, supports imports, lowers unemployment, and provides capital for savings, investment, and rural development.
Remittance sent by Nepali workers from abroad is tax-free in Nepal. However, remittance companies must follow Nepal Rastra Bank (NRB) guidelines and regulations.
Remittance contributes around 22–24% of Nepal’s GDP, making Nepal one of the most remittance-dependent economies globally.
The total remittance in Nepal exceeds over USD 10 billion annually, according to Nepal Rastra Bank reports. The amount continues to grow as more Nepalis migrate for work.
IME Remit is widely regarded as the largest and most trusted remittance company in Nepal, followed by Prabhu Remit and eSewa Money Transfer.
In 2025, remittance in Nepal is projected to grow due to increased foreign employment and digital remittance channels. NRB estimates continued double-digit growth.
