Saturday, October 3, 2009

Remittance Up

People from Nuwakot who are working abroad have been sending Rs 8 million remittance a day to their district. Over half a dozen financial institutions, which provide remittance services, said remittance has crossed Rs 8 million a day after Dashain festival began. Nepal Bank Ltd, Himalayan bank, Hamro Development Bank, Nepal Bangladesh Bank, Sangam Cooperative and Panchakanya Cooperative, among others, provide remittance service in association with different money transfer companies. Prasanna Sedhai, owner of Bhairabhi Money Transfer, which is IME's local agent, said his office has been releasing Rs 1.5 million a day after mid-September. Hamro Money Transfer said it is receiving Rs 3 million remittance a day.

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