Amandement_NCHL_Sept_22
News & Events
Express Cheque Clearing

Express NCHL-ECC is a special clearing session of short duration for cheque presentment, response from paying bank and NRB settlement. It has 1 hour 45 minutes window for presentment to final settlement thus allowing the Banks/FIs and their customers to present and realize their cheques faster.


Currently there are two express clearing sessions for four currencies NPR, USD, GBP and EUR. 1st , 2nd, 3rd and 4th  express sessions are available from Monday to Friday.

 

Express cheque clearing supports clearing of cheques of up to NPR 200 million in case of NPR cheques and up to 2 million in case of USD, GBP and EUR cheques. The session timings of express clearing sessions are as follows:

 

         Timings

1st  Express

2nd Express

 3rd Express 4th Express

Presentment Start  Time

10:00 AM (T)

11:00 AM (T)

12:00 PM (T) 15:00 PM (T)

Presentment Cut-off  Time

11:00 AM (T)

12:00 PM (T)

13:00 PM (T) 16:00 PM (T)

Reply Cut-off

11:30 AM (T)

12:30 PM (T)

13:30 PM (T) 16:30 PM (T)

Settlement Time

 11:45 AM (T)

12:45 PM (T)

13:45 PM (T) 16:45 PM (T)

 

Note: Late presentment penalty in NCHL-ECC Regular Session will apply from 14:30 PM till 15:00 PM, Late presentment penalty in Express and High-value clearing session will remain disabled.