If you want to do transactions outside Nepal, you don't have many options. You either have to use the banking facilities which in most cases are limited and are costly. For a long time, we didn't have a choice other than choosing the banking facility. But now most of Nepal's banks offer us dollar cards or E-com card that allow us to do transactions outside Nepal.
Things required for the card
1. Bank Account
2. PAN Card
Process of obtaining the card
Step 1: Go to any A-grade bank and fill up the application form for the dollar card or E-Com Card.
Step 2: Provide your PAN card.
Step 3: Pay the fees for the card. Banks usually charge Rs. 500 for the card. Some banks don't charge anything at all.
How to load money on the card?
After you obtain the card, you have the ability to load money into the card and use it.
The first prerequisite is that you need to have money in your bank account that is linked to the card. If you don't have money, you can simply deposit the money in the bank account and use it.
Step 1: You need to decide what amount that you're going to use.
Step 2: Make sure you have the equivalent amount in rupees in your bank account.
Step 3: Now, you need to sign a declaration form which the bank will provide where you have to write down your name, your PAN number, required amount in dollars and sign it.
Step 4: Submit the declaration form to the bank officer and wait for the officer to process the request.
Step 5: After an hour or so, your amount will be deposited into the card.
Now, you can use the card to process international transactions.
Things to remember
1. You can only load up to 500 dollars in the dollar card in one year. Even if you don't use the amount loaded into the card and take it out, it will still count.
2. You have to pay 250 to 500 rupees every time you load money into the card.
3. You can take the money out from the card, but you will need to write an application to the bank to do that.
4. There are no passwords or anything on the card. Hence, if anyone finds your card, then he/she might misuse it. Therefore, you need to keep your card secure.
5. For some transactions, the bank sends you OTP. You can use that to process the transaction but you should not share it with anyone.
6. If you found out that someone else is using the card without your permission, you can block that card by calling the bank. But remember, the banks usually charge a small amount that is usually 100 to unblock the card.
