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NCHL-IPS Products/Purposes

Direct Credit

S.No.

Code

Purpose Name

Purpose Description

1

CUST

Customer Transfer

General customer fund transfer

2

TREA

Treasury Payment

Transaction related to treasury operations

3

GOVT

Government Payment

Transaction related to payment from a government organizations

4 REMI Remittance Payment Transaction is related to payment of remittance proceeds
5 DIVI Dividend Payment Transaction is payment of dividends
6 IPOR IPO Refund Payment Transaction is payment of IPO refunds
7 SALA Salary Payment Transaction is payment of Salaries
8 INSU Insurance Payment Transaction is a payment of insurance premium and for disbursement by Insurance companies
9 INSM Installment Payment Transaction is related to a payment of an installment of loan repayment, others repetitive and recurring payments
10 CCRD Credit Card Payment Transaction is related to a payment of credit card account, bill, charges, etc
11 SALC Salary Payment Corporate Transaction is related to a payment of Salaries (charge liability on originating corporate)
12 FEEO Fees Payment Transaction is related to a payment of Fees.
13 SUPP Supplier Party Payment Transaction is related to a payment to a supplier and party

 

Note:

Customers are requested to contact their banks for further details on NCHL-IPS Products/Purposes.