It is the highest honour of Nepal given to only foreign monarchs and Nepalese ruling sovereign.

It is instituted on 25 December 1966 by King Mahendra Bir Bikram Shah Dev.

The ribbon of the order is blue with a white-edged red central stripe.

The decoration consists of the Sovereign (Parama-Nepal-Pratap-Bhaskara), Grand Master (Ati-Nepal-Pratap-Bhaskara), and ordinary members (Nepal-Pratap-Bhaskara).

Conferred on members of the Nepalese and foreign Royal houses.