Money, Bank and ATM use in Nepal
The official Nepalese currency is called the Rupee. There are denominations 1, 2, 5, 10, 20, 25, 50,100, 500 and 1000 denominations, but 1 and 2 rupee coins, though rarer, are still used in Nepal. It is hard to read the coin denominations, but you can easily read and recognize the paper currency because numbers are written in English on one side, and different distinctive colours are used to show the different values.
Banks are open Sunday to Friday 9.30am to 3pm, but banks in the larger cities of Kathmandu, Pokhara, Narayanghat, Birgunj and Nepalgunj have evening counters that can stay open until 6-7pm at the latest. Saturday is a public day of rest in Nepal but some banks open their counters to receive the deposits, however it will only be for short hours. Tourist can easily find many Nepalese banks in big cities to complete their transactions with ease.
ATMs are easily available at several places in big cities like Kathmandu, Pokhara, Nayaranghat, Nepalgunj, but you will have less option to use ATM in small cities. Anyone can use their valid credit card such as Visa, Master, and Union Pay to withdraw money in local currency. You need to pay a certain percent of service charge for using this service – normally 3.5% is the standard bank commission in Nepal.
Cash is accepted, and indeed the preferred method of payment, in most places in Nepal. If you want to use your credit card instead of cash, you will be able to do so only in tourist class hotels, shopping malls, and frequented restaurants found in big cities like Kathmandu and Pokhara.