Documents required to send tuition fees from Nepal to your foreign university.

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It is somewhat a complex process to transfer money from your bank in Nepal to a foreign bank, mainly due to the rules  and regulations of Nepal Government and Nepal Rastra Bank. In fact Government of Nepal has just allowed USD 500 Pre-Paid Dollar Card.  500 USD might be enough to make purchases of small amount, it is however nowhere near enough to pay the tuition fees of your university abroad for one academic year or 6 months, which majority of the students wishing to study abroad have to pay. Having said that, it is not impossible to send the tuition fees either, so in this blogpost I will explain you the process, if you read this carefully and plan beforehand you will avoid a lot of possible hassles.

Documents required

1) Offer Letter from your foreign university

2) College Invoice

3) No Objection Certificate (NOC), issued by MOE Nepal.

4)PAN Card, (if you do not already have one, you can get one from Inland Revenue Department, Aantarik Rajaswo Bibhag Nepal, there are many offices of Inland Revenue Department in Kathmandu).

5) Your Passport ( Take a photocopy of it.  Of course they'll copy themselves, but banks are usually                                            overcrowded so prepare it ahead of time to avoid the hassle)

6) Sufficient funds on your or your sponsor's bank account.
           (Remember that you need to calculate the total amount on today's date converting your money to  the currency (e.g. USD, AUD, EUR, CAD) you want to deposit also add 2% government tax applicable when sending tuition fees abroad and required transfer fees, usually we pay all transfer charges ourselves (OUR) to make sure that university receives the exact amount mentioned in the invoice).

There's also another option (SHA-Shared) in which we only pay our bank's outgoing charges, but OUR option would be preferable so the University gets the exact amount you are sending. However do not confuse yourself with OUR and SHA as some banks put OUR themselves, but if they asked you, you can now make an informed decision.

Then with those 5 documents and ensuring you have enough funds, you head to your bank where you have an account. This type of transaction is normally handled by the "Remittence" department of the banks. Then they will give you the form to fill in, where you need to put beneficiary's name- which is the account name of your university. It needs to be exactly the same as what's written in the invoice you receive from your university. And, beneficiary's bank - which is the name of your university's bank. IBAN number which is International Bank account number and it is mentioned in the invoice as well. Address of your beneficiary's bank. And then you put your name, address, phone number and signature. All these details need to be clear as bank in Nepal does not want to take a risk sending money with incorrect details because even a minor mistake will result in your money being returned to your account. Hence, if something is unclear, email your university immediately and ask for clarification. Usually, bank officials want everything in print. If you have clarification details in your email, print that one out as well.

After the form is duly filled in with all the details, you can then submit all the documents at the remittence counter. If they say everything is ok, then they will transfer the money. After the money has been transferred they will issue you receipt of it. You need to visit the bank after few hours to obtain the receipt of transfer.

Though it may not be mandatory, you can send the scanned copy (Or a photo ) of the transfer receipt to your university so they can verify it and send you the acknowledgement document of the tuition fees paid, which is required when you apply for your visa.

As long as you have an offer letter, NOC issued by MOE, a PAN card issued by IRD, and a clear invoice from your university vividly mentioning account name, IBAN, Swift Code, Bank Address, and Beneficiary's bank name, the process should be rather smooth. 

Also read.
List of Documents required for Canada.
NOC
Costs of applying to Canada