Fund Transfer is now very easy and convenient with connectIPS.
Now you can do fund transfer up to Rs.500 for FREE from various channels including Fund transfer initiated from bank & financial institution’s Mobile Banking using connectIPS & NEPALPAY Instant option, connectIPS web & mobile app and Cash In/Out in mobile wallets of PSPs, applicable from 1st April, 2025.
This is the initiative of NCHL to promote digital means of transactions especially targeting to low value ones. RPS is the retail payment switch, as part of NPS, provides access to the member BFIs, PSPs/PSOs and other entities through open APIs for real-time transaction services.
How to initiate fund transfer from connectIPS?
- Login into connectips.com or its mobile app using your Username and Password
- Choose Fund Transfer option
- Select the required option of Bank account / Own account / NEPALPAY Instant / Favorite account.
- Select the debiting account and enter receiver details and click on Transfer
- Recheck the details and click on “Make Payment”
- Use the Transaction Password and/or OTP received in registered mobile number and e-mail
- Click on Submit to complete the fund transfer
How to initiate fund transfer from Mobile banking via connectIPS?
- Log in to mobile banking app
- Go to Send Money and select Other Bank then click on using connectIPS
- Select the Network/Bank under receiver details
- Fill the details and click on submit.
(User can select NEPALPAY Instant option as well for the ones enabled with NEPALPAY Instant to make fund transfer using recipient’s mobile number)
How to load wallet via connectIPS?
- Login into connectips.com or its mobile app using your Username and Password
- Select NEPALPAY Instant under Fund Transfer and select Wallet
- Select your debiting account and add in beneficiary details
- Proceed further to complete the transfer
How to load wallet using connectIPS via wallet app?
- Login into to wallet app using your Username and Password
- Click on Add money and select connectIPS
- Enter amount and click on Add money
- Enter your connectIPS credentials/username and captcha
- Select debiting account and click on submit
- Enter OTP to complete the transaction
Terms & Conditions
- The FREE Fund Transfer is applicable for transaction up to Rs. 500 from 1st April, 2025 (19th Chaitra, 2081).
- The free fund transfer is applicable on connectIPS web/app, mobile banking via connectIPS and NEPALPAY Instant, and Cash In/Out in mobile wallets via NCHL.
