Traditionally, Nepalese banks offered mass banking products. Deposit products most commonly used were Savings Bank Accounts, Current Accounts, and Term Deposit Accounts. The only leading products were cash credit and term loans. Banks, according to the Central Bank of Nepal guidelines, have little to do other than accept deposits at prices fixed by the Central Bank of Nepal and lend money at rates determined by the Central Bank of Nepal. Lending products were benchmarked by the Pine Lending Rate (PLR). However, PLR was largely determined by Nepal’s Central Bank. Additionally, demand drafts, telegraphic transfers, bankers checks, and internal transfer of funds were the only remittance products available.