Cheapest way to send money to Nepal?

Remitly, Wise, and IME (their own app) typically lead. Wise is best for bank deposit; Remitly and IME excel at cash pickup with broad coverage outside Kathmandu.

Why does the NPR move with the INR?

The NPR has been pegged to the INR at 1.60 NPR per 1 INR since 1993. India is Nepal's dominant trading partner, so this peg simplifies cross-border commerce. As a side effect, NPR/USD moves whenever INR/USD moves.

Are remittances to Nepal taxable?

No — personal remittances received in Nepal are explicitly exempt from income tax under NRB rules. There is no upper limit on inbound personal transfers.

How long does cash pickup in Nepal take?

Cash pickup via IME, Prabhu, or City Express is typically available within 10–30 minutes of the transfer being initiated. Recipients need a government-issued photo ID and the provider's reference number.

Can I send NPR directly from India?

Yes — given the NPR/INR peg, INR→NPR is one of the simplest corridors. ICICI, SBI, and Indian fintechs offer direct INR→NPR transfers, often at a flat rate close to the official 1.60 ratio.

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Nepalese Rupee (NPR) Live Exchange Rate & Remittance Guide

NPR · Rs · Nepal Rastra Bank (NRB)

1 USD =

Rs151.25

Live (cached)

About the Nepalese Rupee

The Nepalese Rupee replaced the Nepalese Mohru in 1932. Since 1993 the NPR has been pegged to the Indian Rupee at a fixed rate of 1.60 NPR = 1 INR. This peg means NPR effectively tracks INR against all other currencies and explains why the NPR/USD rate moves in lockstep with INR/USD.

Why NPR matters for remittance

Nepal is one of the world's most remittance-dependent economies — inflows equal 22% of GDP, the highest among South Asian countries. Roughly 4 million Nepali workers abroad (primarily in Qatar, UAE, Saudi Arabia, Malaysia, and South Korea) send home over $11 billion annually.

NPR cross-rates

Live

What 1 Nepalese Rupee (NPR) is worth in major currencies right now, at the wholesale mid-market rate.

Currency	1 Rs NPR =	Inverse (1 unit in NPR)
USD USA	$0.006612 USD	Rs151.25 NPR
EUR Europe	€0.005751 EUR	Rs173.88 NPR
GBP UK	£0.004974 GBP	Rs201.03 NPR
INR India	₹0.627215 INR	Rs1.5943 NPR
AED UAE	د.إ0.024282 AED	Rs41.183 NPR

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare NPR corridors

See live rates and the best providers for each pair.

USD→NPR AUD→NPR SGD→NPR MYR→NPR QAR→NPR

Nepal remittance guide

Country profile for sending money TO Nepal — delivery methods, regulations, recipient guidance.

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NPR remittance regulations

Inbound remittances are regulated by NRB. Personal remittances are tax-exempt and have no annual cap. NRB requires all formal remittance providers to be licensed; informal channels (hundi) remain common but technically illegal. Bank deposit and cash pickup at registered remit companies (IME, Prabhu, City Express) are the dominant channels.

How to send Nepalese Rupee (NPR)

Use an NRB-licensed remittance provider (IME, Prabhu, City Express) or fintech (Wise, Remitly, WorldRemit).
Cash pickup is the most popular delivery method — IME alone has 12,000+ pickup points across Nepal.
For bank deposit, the recipient needs only an account number and bank name; NEPALPAY rail credits within minutes.
Mobile wallets like eSewa and Khalti are increasingly supported by international providers for last-mile delivery.

Currency facts

ISO 4217: 524
Sub-unit: 100 paisa = 1 rupee
Central bank: Nepal Rastra Bank (NRB)
Daily FX volume: $200 million/day
Symbol: Rs
52-week range (vs USD): 132 – 135

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.