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).