On-line Letter of Credit provides service to clients to open L/C from their own desk. All information and applications forms are available on-line.

The application forms are available in two ways.

1. If you are register L/C user you can use on-line application form to open L/C. After filling in necessary information you can submit the form on-line. The information will be directly uploaded to the RBB database.
2. You may download L/C application forms. Fill in the information and send it via e-mail to the RBB Branch office or you may print the completed form and submit to the RBB Branch office. These applications are available in PDF format
   

Who is eligible to Open L/C ?

A registered firm/company with registration updated The party should be holding current account with the RBB Branch In case the applicant is an individual then permission from Nepal Rastra Bank is required The party should not be a defaulter and blacklisted The credit worthiness of the customer should have been assessed Documents Required to Open L/C Application signed by the customer. LC cannot be issued on verbal request of the customer. Duly filled N. R. B. Bi. Bi. Ni. 3. Updated Firm Registration and PAN Certificate. Citizenship certificate of the person applying for the LC and of the person who is authorized by him If the applicant is Private or Public Limited Company then the following documents should be included for the Letter of Credit Limit: Memorandum of Association and Articles of Association. Certified copy of board resolution authorizing a certain person to deal in LC matters. Personnel Guarantee from MD, Chairman or the shareholder holding the largest number of shares, if so stipulated in sanction. Personal guarantee can be sought from the partner(s) and Proprietor in the case of partnership and proprietorship. Instructions to the RBB Branch Office If some person is acting on behalf of firm, company or any institution then the certified copy of his identity card should be taken and an undertaking that the ultimate responsibility on LC is rested on the respective organization should be taken. Proforma Invoice containing particulars of goods including names, quantity, price, brand and model no. should be taken. This should be signed under the seal of the importer organization. All the documents except the proforma invoice may be taken once in a year for the customer will LC limit unless there is any change in the any of the documents above. If any changes occur in the documents above then the changed documents need to be taken from the customer. It is the duty and responsibility of the unit in charge in the branch that all the documents are obtained and they are all valid and updated.