Are you a Nepali student who has received an admission offer from an Australian university?
If so, you will need to show proof of sufficient funds when applying for your Australian student visa. This usually requires providing bank statements or Education Loan Letter (if applicable) from an approved financial institution in Nepal.
But which banks in Nepal are accepted by Australian High Commission (DHA – Department of Home Affairs)? Here is the latest approved Nepal bank list for Australia student visas in 2024:
Approved Banks List for Australian Institutions
Download Full Approved Banks List – PDF Format [Updated]
Learn More: Bank Balance Certificate Sample 2024
‘A’ Grade Commercials Banks in Nepal
As of Ashad’s end, 2080 BS (July 2023), there are altogether 20 ‘A’ class commercial banks available in Nepal. Here, we have listed all ‘A’ grade Commercial Banks of Nepal in 2024 are:
- Agriculture Development Bank
- Citizens Bank International
- Everest Bank
- Global IME Limited
- Himalayan Bank
- Kumari Bank
- Laxmi Sunrise Bank
- Machhapuchchhre Bank
- Nabil Bank
- Nepal Bank Limited
- Nepal Investment Mega Bank
- Nepal SBI Bank
- NIC Asia Bank
- NMB Bank Nepal
- Prabhu Bank
- Prime Commercial Bank
- Rastriya Banijya Bank
- Sanima Bank
- Siddhartha Bank
- Standard Chartered Bank
What are the importance of choosing the right bank?
Impact on Visa Approval Process
With bank statements from an accepted Nepal bank, your student visa application is more likely to be approved. Statements from non-approved banks carry higher risk of rejection.
Ensuring Financial Stability and Compliance
Using an approved ‘A’ grade bank in Nepal helps reassure Australian authorities of your financial stability. These banks have met regulations and compliance standards to operate internationally. Their financial statements are considered more reliable.
Facilitating Financial Transactions Abroad
Approved banks make it easier to transfer funds abroad and manage finances as a student in Australia. They have established channels for overseas transactions.
These ‘A’ grade banks in Nepal are authorized to issue bank statements accepted by the Australian Department of Home Affairs and educational institutions. With the right documents from an A grade Nepal bank, you can improve your chances of Australia student visa approval. Check that your funds are in one of the approved banks before applying. This will help ensure a smoother student visa application process.