Traditional square design includes images of Padma (lotus), Chakra, Moon, Sun, Shankha (conch shell) and Gada (mace). Lettering is "His Majesty King Birendra Bir Bikram Shah", date below.

The Sudarshana Chakra is a spinning, disk-like weapon with 108 serrated edges used by the Hindu god Vishnu.

Padma (Nelumbo nucifera), the sacred lotus, is an aquatic plant that plays a central role in Indian religions such as Hinduism, Buddhism, Sikhism, and Jainism.

Shankha, translated from Tibetan is literally “white conch”, is a trumpet formed from a white conch shell of the species Turbinella pyrum, from the Indian Ocean. The conch shell of ritual and religious importance in both Hinduism and Buddhism.

The gada is a blunt mace or club from India. Made either of wood or metal, it consists essentially of a spherical head mounted on a shaft, with a spike on the top. The gada is the main weapon of the Hindu god Hanuman.

The logo of Nepal Bank Limited includes an image of goddess Lakshmi. Texts "Nepal Bank Limited" and "Golden Jubilee 1994-2044" are separated by the images of two khukuri. Value "Rs. 500" and name of country in the centre.

Lakshmi is the Hindu goddess of wealth, fortune, and prosperity (both material and spiritual). She is the wife and active energy of Lord Vishnu. Her four hands represent the four goals of human life considered important to the Hindu way of life – dharma, kāma, artha, and moksha. Representations of Lakshmi are also found in Jain monuments. In Buddhist sects of Tibet, Nepal, and southeast Asia, goddess Vasudhara mirrors the characteristics and attributes of the Hindu goddess Lakshmi with minor iconographic differences. Archaeological discoveries and ancient coins suggest the recognition and reverence for goddess Lakshmi in the Scytho-Parthian kingdom and throughout India by the 1st millennium BC.

The khukuri is a Nepalese knife with an inwardly curved blade, similar to a machete, used as both a tool and as a weapon in Nepal and some neighbouring countries of South Asia. Traditionally it was, and in many cases still is, the basic utility knife of the Nepalese people. It is a characteristic weapon of the Nepalese Army, the Royal Gurkha Rifles of the British army, the Assam Rifles, and Gorkha Regiments (India) of the Indian Army, and of all Gurkha regiments throughout the world, so much so that some English-speakers refer to the weapon as a "Gurkha blade" or "Gurkha knife". The khukuri often appears in Nepalese heraldry and is used in many traditional rituals such as wedding ceremonies.