Posted by: thisisbinod May 15, 2009
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Here is an alternative way.
Get an additional check card and send it to your parents and ask them to use that card in any ATM machine in Nepal to withdraw money.
Let's say they withdraw $100 using your debit card. Your bak will charge $5 international ATM charge. Todays Rastra Bank's forex is
Currency | Unit | Buying/Rs. | Selling/Rs. |
U.S. dollar | 1 | 79.40 | 80.00 |
They will get ($100-$5) x 80.00 = NPR 7600
If you use Muncha or similar service their rate is USD 1 = NPR 77.9130
Your parents will receive ($100-$6.99) x 77.9130 = NPR 7246.6 + 2 business days wait