HimalRemit™, a premium online customer focused and technology oriented Money Transfer product, is brought to you by Himalayan Bank Limited - the leading joint venture bank of Nepal. Himalayan Bank is a pioneer in the field of retail money transfer business with almost two decades long customized service delivery experience in the field.
HimalRemit™ has the largest payment network covering all cities, towns and villages of the country and is capable of paying at more than fifteen thousand locations across Nepal which is in ever growing trend as per the demand of local customers and service providers.
Features
- Web based technology, direct access from our main web site www.himalayanbank.com
- Provide instant updates on remittance request at the receiving end for prompt processing.
- Manage agents and officers through central administration at Himalayan Bank.
- Provide a secure and reliable means of remittance information.
- Provide instant updated information to the HBL agents.
MODUS OPERANDI
The remitting agency can transfer funds either to the beneficiary against the identification document or can credit the customer’s account maintained either with Himalayan Bank Limited or other local banks of Nepal.
The money transferred through this product will be on real time basis. The system will automatically generate RAD number. The RAD number is number generated by the system for each transaction and is unique and this becomes the main basis for payment at the receiver’s end. The RAD number consists of eleven digits.
- The remitter will make request for fund transfer to pre-agreed location against cash deposit and he/ she is required to fill all details i.e. Name, ID number, Currency & Amount etc
- Based on the information provided by remitter, remitting agent shall transfer the data to the system and upon approval of transfer, RAD number will be generated by the System, which will be provided to the remitter.
- The remitter will have to pass details of RAD number, Amount and nearest location from where money is to be collected to the beneficiary. The beneficiary will go to the pre-arranged payment location or any nearest and convenient payment location and claim the amount. The payment location will be either Himalayan Bank branch or HimalRemit™ agent.
- HBL branches and HimalRemit™ agents, upon confirmation of RAD number and identification of beneficiary, will make the payment.
- For the payment to be credited to the account with HBL and/ or other banks in Nepal, payment details i.e. beneficiary’s name, account number, bank/ branch name and amount etc., will be provided in HimalRemit™. Based on the information in the System, HBL will arrange to make deposit to the beneficiary’s account. HBL will arrange to make deposit to beneficiary’s branch through its branch where HBL has branch or through its agent, where HBL does not have its branch.
- Once the payment is executed, either a/c credit or ID payment, the system will update the status to paid and a confirmation SMS of the same will be sent to the remitter automatically. The system facilitates remitting agent(s) to browse the status of particular payment on the basis of RAD unique numbers.