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Interbank Payments (NCHL-IPS)

 

NCHL-IPS is a system to safely and efficiently tranfer funds from one account to any other account held at any of the participating member banks & financial institutions (BFIs). It supports account to account payments (Direct Credit) and collection (Direct Debit) related transactions. The underlying transaction could be for various pruposes defined as products.

 

NCHL-IPS currently supports transaction in four currencies NPR, USD, GBP and EUR with presentment cut-off time at 13:00, reply cut-off time at 14:30 and final settlement after 15:00. Transaction sessions of shorter durations are also available for specific products (purposes).