To Register Money Changer Business how Much capital Need?

Nepal Rastra Bank (NRB) has set capital limit for companies to obtain money changer business license.

NRB has fixed the limit of paid-up capital by amending the Moneychanger License and Inspection Regulations, 2077 BS. Accordingly, there should be a paid up capital of Rs. 1.9 million for buying and selling transactions in Indian Rupees. Provision has been made for a paid up capital of Rs 1.5 million for the purchase of convertible foreign currency.NRB has made provision for 2 million working capital for both these transactions.

Similarly, in order to obtain a money changer license, companies have to deposit with the National Bank. Accordingly, a deposit of Rs 50,000 will be required for buying and selling transactions in Indian Rupees, Rs 75,000 for buying and selling convertible foreign currency and Rs 100,000 for both transactions.

Similarly, Rs 25,000 has to be paid for buying and selling of Indian Rupees, Rs 100,000 for buying and selling convertible foreign currency and Rs 125,000 for both transactions. NRB has made an arrangement to pay additional fee of Rs.

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