Licensed remittance companies involved in remittance business came together to form Nepal Remittance Association (NRA) on 23rd Baishak 2061 BS (MAY 6, 2005 A.D)with the registration number of 1020/060/061. The association was formed with the broader objective of:
The major objectives as mentioned in the by-law of NRA are:
NRA is registered with Office of District Administration, Kathmandu, Internal Revenue Department, Social Welfare Council and District Development Committee, Kathmandu.
20 remittance companies and 4 financial institutions including commercial banks and development banks are associated with NRA. NRA has always aimed to accommodate all the license remittance companies of Nepal under its umbrella.
Vision & Mission
To foster the development of a dynamic, innovative and stable remittance industry that meaningfully contributes to the economic and social wellbeing of the customers as well as stakeholders and to the socio-economic development of the country.
Goal and Objectives
To become a strong association incorporating all the stakeholders and to raise the voice of all the members and to create awareness of the safe, secured and economical way of remitting hard earned money through remittance companies adhering to rules and regulations of Central Bank of Nepal.
Remittances to Nepal have a stronghold in the national economy and they have also transformed the lives of a large number of rural people. Remittance inflow in Nepal began with the entry of Nepalese youths in the British Indian Army during the World War I. Following this, there were increased remittances to Nepal when a large number of Nepalese youths joined the Indian army...