SAJHA MOBILE
13% Interest earning account in Nepal
Posts 6 · Viewed 5329 · Go to Last Post
Daredream
· Snapshot 0
Like · Likedby · 0
Guys,
My Background - I invest good amount in stock but want to diversify. ROI is 40% & 1.80% interest in saving account. Was having conversation with my desi frens over weekend. So looks like they send money to India and earn good interest. They suggested me to look at that route too. Right now $1=116.21 NR. On top of that we can get 12 to 13% interest in Bank. Has anyone done this? I know i will have to use some other channel when i bring money back in but was wondering if I can do that legally. I am US citizen and my spouse is Green Card holder.
Thanks Guys!

looser
· Snapshot 20
Like · Liked by · 0
I heard there are some "sahakaris" that will give you 12% but you run into a risk of them going out of business, it happened to one of my friend here whose "sahakari" went out of business overnight and left. Another issue is bringing money back here which is a big one and hard to do but if your plan is to retire in Nepal then you should be good.
looser
· Snapshot 26
Like · Liked by · 0
Also, you are killing on your ROIs on stock, good job!
Daredream
· Snapshot 37
Like · Liked by · 0

Looser, you never know with stock Man. Got to Diversify. I Don't think it will hurt to put little bit money in Nepal. I guess, My dad can open the CD and put me as beneficiary. But he is asking not to send over 25K at a time. Don't think there is law how much i can send money to my parents, right? What will happen if i send 100K wire?
maxpayne
· Snapshot 79
Like · Liked by · 0
Nepal's inflation rate is on average at 6 percent and climbing. When you factor this the ROI is just about at 6-7%, same as here at mutual funds level. Multiple Sahakaris went bust during the property bubble, so be careful not to invest the whole nestegg in nepal. Src First hand exp.
Daredream
· Snapshot 90
Like · Liked by · 0
maxpayne, good point. Something to think about.
Thanks
Please log in to reply to this post

You can also log in using your Facebook
View in Desktop
What people are reading
You might like these other discussions...
· Posts 5 · Viewed 278
· Posts 157 · Viewed 13442 · Likes 99
· Posts 2 · Viewed 105
· Posts 1264 · Viewed 150035 · Likes 492
· Posts 1 · Viewed 140
· Posts 221 · Viewed 30035 · Likes 89
· Posts 2 · Viewed 72
· Posts 10 · Viewed 1211 · Likes 1
· Posts 42 · Viewed 101114 · Likes 3
· Posts 1 · Viewed 19



Travel Partners
Travel House Nepal
Travel Solution USA
CheapAirFaresToNepal
Aero Nepal
Air Zone
Zen Travels
Nepas Travel Tours
Himalayan Treasures & Travels