You could face jail for using HUNDI to transfer money to Nepal

Are you looking for well-paid rates to transfer money to Nepal over social media? There is a pretty high chance, you could be scammed by ‘HUNDI’ agents and lose money as well as a legal ground to claim your money paid back. Recently many cases of fraud by ‘HUNDI’ operators surfaced, the alarming scene is many international students, and Nepalese community members screwed up by handful ‘HUNDI’ agents and seemed going to lose millions of hard-earned dollars.

One of the HUNDI victims used the illegal and informal way to transfer money to Nepal at the brink of losing his hard-earned 130,000 AUD. He used a Melbourne based ‘HUNDI’ agent to transfer money to Nepal for his parents. In another case, a man is waiting for six-seven months to be paid from a ‘HUNDI’ agent in Australia who handed over more than 60,000 dollars in Nepalese rupees in Kathmandu. NepaliPage understands a couple of such fraudulent cases in which HUNDI senders and receivers are at the tip of losing their money. Many of them used HUNDI for the better exchange rate, though aware of associated risks and delayed delivery. 

Read Also: Money Transfer: your options to send money to Nepal

NepaliPage knows, there are many social accounts over Viber, Facebook, and other social media operated to scam innocent students and use the money to fund their casino and drug addiction. After more than dozens of such HUNDI fraud by Melbourne based agent surfaced, the Consulate General of Nepal, Victoria released a press statement warning HUNDI senders and agents they could face jail terms for their activities. The Consulate General said, ‘One could be faced with several consequences if found transferring money using “HUNDI,” including legal consequences wherein you could end face a jail term and/or huge penalties under money laundering charges.’ in the statement.


Read Also: Sending Money to Nepal? Here is another cash pickup service

The Consulate General reminded members of the community not to use HUNDI to transfer money to Nepal from Australia as its illegal and only transfer money to Nepal using proper way like registered money transfer companies. Also suggests, be cautious and always check to whom you are transferring money, are they registered and legally permitted to do so as well as a physical address.

Community members are requested to report such illegal money transfer practices to Police or appropriate authorities in Australia as well as Nepal.

How to get a good rate while sending money to Nepal?

There are couples of apps and remit services in cut-throat competition this time and exchange rates gone up to 87-88 Nepalese rupees per Australian dollar. It’s the best time to send money Nepal from Australia if you are planning for. There are some strategies such as comparing the exchange rate using online tools, comparing service charge are some basics. Googling or following community Facebook group for referral links to money transfer, if you go through that you would free service charge, cashback or higher exchange rate as the first-time remitter is another good idea. Many remit service these days has such offer for transfer money to Nepal.

Click here to get first-time remitter benefit from Remitly

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NepaliPage,connects Australian Nepalese Community & Australian Nepalese Business Globally

Disclaimer: (नेपालीपेज डटकम) is a Nepalese Community website aggregating Nepalese Australian affairs including Australian Nepali Community News, Migration opportunities in Australia, Nepali International Students, Nepali home and garden, Nepali mortgage and real estate tips, tricks, and services, Travel, Entertainment, Nepalese Events, blogs, interview and many more. None of our stories is tailored expert advice for your circumstance, and cannot be taken as legal, migration, or any other expert advice. By nature, all of our contents provide general information on related topics from the various verified sources. We do not offer direct employment opportunities, Australian VISA help, and Migration assistance.

About Madan Mani

Madan Mani, lives in Sydney, Software Engineer, Digital Marketeer, graduated from Federation University, has solid Journalism and Media background, worked for years in Nepalese National Dailies, Radios, Online & TVs.
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