NSBL Payment Gateway
NSBL Payment Gateway is a reliable and fully regulated cross-border payment channel between Nepal and India, ideal for individuals, SMEs, and corporate clients. It ensures compliance with both NRB and RBI, offers transparent pricing, and provides a fast, bank-level secure experience. However, due to limited geographic coverage and KYC requirements, it may not suit users seeking global or e-commerce payment solutions.
| Characteristic | Details |
|---|---|
| Gateway Name | NSBL Payment Gateway (Nepal SBI Payment Gateway) |
| Operating Organization | Nepal SBI Bank Ltd (NSBL) — Indo–Nepal joint venture, majority-owned by State Bank of India |
| Regulatory Authority | Nepal Rastra Bank (Central Bank of Nepal) |
| Primary Service Corridors | India ↔ Nepal (outward INR remittance and inward NPR remittance) |
| Core Functions | Outward INR remittances (Nepal→India via RTGS/NEFT) and Inward NPR remittances (India→Nepal via SBI–Nepal Express Remit) |
| Supported Systems | RTGS, NEFT, direct credit to Indian banks |
| Processing Time | RTGS: 24×7 near real-time; NEFT: 24×7 with credit within 2 hours after batch settlement |
| Minimum Transfer Amount | Not specified publicly (confirm with NSBL branch) |
| Maximum Transfer Amount | Based on bank and regulatory limits; contact NSBL for large transfers |
| Transfer Types | Trade, non-trade, and corporate remittances |
| Outward Remittance Fee (Nepal→India) | 0.15% of NPR equivalent (min NPR 300, max NPR 10,000) + NPR 500 RTGS/NEFT/SWIFT fee |
| Gateway Message Fee | NPR 400 per transaction |
| India→Nepal Remittance Fee | NPR 100 + up to NPR 10 IPS charge (for non-NSBL beneficiaries) |
| Currency Support | INR and NPR (pegged at INR 1 = NPR 1.6) |
| Mobile Application | YONO Nepal SBI (for transfer tracking and account access) |
| Security Standards | TLS encryption, AML/KYC compliance, NRB and RBI regulatory oversight |
| Registration Time | Existing NSBL customers: instant; new users: KYC verification required |
| Documentation Required | Valid ID, proof of address, and KYC documents |
| Integration Method | Internet banking, YONO Nepal SBI app, NSBL branches |
| Customer Support | NSBL branches, phone line, and email support |
| Gateway NameNSBL Payment Gateway (Nepal SBI Payment Gateway) | |
| Operating OrganizationNepal SBI Bank Ltd (NSBL) — Indo–Nepal joint venture, majority-owned by State Bank of India | |
| Regulatory AuthorityNepal Rastra Bank (Central Bank of Nepal) | |
| Primary Service CorridorsIndia ↔ Nepal (outward INR remittance and inward NPR remittance) | |
| Core FunctionsOutward INR remittances (Nepal→India via RTGS/NEFT) and Inward NPR remittances (India→Nepal via SBI–Nepal Express Remit) | |
| Supported SystemsRTGS, NEFT, direct credit to Indian banks | |
| Processing TimeRTGS: 24×7 near real-time; NEFT: 24×7 with credit within 2 hours after batch settlement | |
| Minimum Transfer AmountNot specified publicly (confirm with NSBL branch) | |
| Maximum Transfer AmountBased on bank and regulatory limits; contact NSBL for large transfers | |
| Transfer TypesTrade, non-trade, and corporate remittances | |
| Outward Remittance Fee (Nepal→India)0.15% of NPR equivalent (min NPR 300, max NPR 10,000) + NPR 500 RTGS/NEFT/SWIFT fee | |
| Gateway Message FeeNPR 400 per transaction | |
| India→Nepal Remittance FeeNPR 100 + up to NPR 10 IPS charge (for non-NSBL beneficiaries) | |
| Currency SupportINR and NPR (pegged at INR 1 = NPR 1.6) | |
| Mobile ApplicationYONO Nepal SBI (for transfer tracking and account access) | |
| Security StandardsTLS encryption, AML/KYC compliance, NRB and RBI regulatory oversight | |
| Registration TimeExisting NSBL customers: instant; new users: KYC verification required | |
| Documentation RequiredValid ID, proof of address, and KYC documents | |
| Integration MethodInternet banking, YONO Nepal SBI app, NSBL branches | |
| Customer SupportNSBL branches, phone line, and email support |
Pros
- Official Banking Channel — Operates under the supervision of Nepal Rastra Bank and connected to State Bank of India, ensuring regulatory safety and transparency.
- Fast Transfers — RTGS operates in near real-time; NEFT settles within 2 hours after batch processing.
- Transparent Pricing — Outward remittance fees are clearly published in NPR on the NSBL website.
- Direct Credit to Indian Banks — Supports transfers to SBI and all NEFT-enabled branches across India (~83 banks and ~40,000 branches).
- Reliable Currency Conversion — INR and NPR are pegged at a fixed rate of 1 INR = 1.6 NPR, ensuring predictable costs.
- Strong Security — TLS encryption, two-factor authentication (OTP), and strict AML/KYC checks.
Cons
- Limited Coverage — Service available only between India and Nepal.
- Additional Fees for Non-NSBL Accounts — INR remittance recipients without NSBL accounts pay NPR 100 + IPS up to NPR 10.
- Strict KYC Requirements — Full ID verification may delay onboarding.
- Not Designed for E-Commerce — Primarily focused on remittances and business transfers.
- Requires NSBL or SBI Integration — Non-account holders must use intermediary channels.
Detailed Overview
How It Works
To send money from Nepal to India:
- Open an account with NSBL or use an existing one.
- Complete KYC (passport, ID, address proof).
- Log in to NSBL Internet Banking or the YONO Nepal SBI app.
- Choose “Outward Remittance,” enter the recipient’s details (name, bank, IFSC, amount), and confirm via OTP.
- The payment is credited in near real-time via RTGS or within two hours via NEFT.
To receive money from India to Nepal, funds can be sent through SBI–Nepal Express Remit and credited to the recipient’s NSBL account or through partner channels.
Security Framework
- TLS Encryption for all transactions
- Two-Factor Authentication (OTP)
- KYC/AML Verification per NRB and RBI
- Central Bank Supervision — NRB (Nepal) and RBI (India)
- Anti-Fraud Monitoring through transaction pattern analysis
Fee Structure (Summary)
| Type | Details |
|---|---|
| Outward INR Remittance | 0.15% of amount (min NPR 300, max NPR 10,000) + NPR 500 NEFT/RTGS fee |
| Message Fee | NPR 400 per transfer |
| Non-NSBL Recipient (India→Nepal) | NPR 100 + up to NPR 10 IPS fee |
| Currency Rate | Fixed INR 1 = NPR 1.6 |
Comparison with Alternatives
| Criterion | NSBL Payment Gateway | Khalti | eSewa | Western Union |
|---|---|---|---|---|
| Coverage | India ↔ Nepal | Nepal (domestic) | Nepal (domestic) | Global |
| Channel Type | Bank-to-bank remittance | Mobile wallet | Mobile wallet | Cash and account transfers |
| Transfer Speed | RTGS: near real-time, NEFT: ≤2 hours | Instant (domestic only) | Instant (domestic only) | 1–3 days (international) |
| Fees | NPR 300–10,000 + fixed charge | Low (domestic) | Low (domestic) | Medium–High |
| KYC Requirements | Full bank KYC | Simplified | Simplified | Full ID check |
| Security Level | High (bank-grade) | Medium | Medium | High |
| Use Case | Cross-border remittances India–Nepal | Local digital payments | Local digital payments | International remittance to 200+ countries |
Summary: NSBL offers the most secure and regulated channel for Indo–Nepal transfers, while eSewa and Khalti serve domestic purposes. Western Union remains the global option for other countries.
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FAQ
What is the minimum and maximum transfer amount?
The minimum transfer threshold is not publicly stated; users should check with their NSBL branch. Maximum transfer amounts depend on sender and receiver bank limits and NRB regulations.
How long does a transfer take?
RTGS: Near real-time (available 24×7×365) NEFT: Typically within 2 hours during working hours After hours: Processed in the next available batch Weekends and holidays: NEFT/RTGS remain operational, though some banks may post credits next business day.
Is NSBL Payment Gateway secure?
Yes. The service uses TLS encryption, two-factor authentication (OTP), and complies with KYC/AML standards per Nepal Rastra Bank and RBI.
Can I use NSBL to send money outside India or Nepal?
No. The service currently supports India–Nepal transfers only. For other countries, consider SBI Global Transfer, Western Union, or MoneyGram.
What currencies are supported?
Transactions are in Indian Rupees (INR) and Nepalese Rupees (NPR). The exchange rate is fixed at 1 INR = 1.6 NPR under the bilateral peg between India and Nepal.
What documents are required for registration?
Valid ID (passport or national ID), proof of address, and phone/email contact. Corporate users must provide company registration and tax compliance documents.
