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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
14 COLL Collection Payment Transaction is related to collection of payment
15 RTPS Real Time Retail Payments Transaction is related to a real time retail payments backed by settlement guarantee fund (SGF).
16 SSBE Social Security Payments Transaction is payment of social security benefits by government or other institutions
17 SSFC SSF Collection Payments Transaction is related to collection of SSF payments.
18 PENS Pension Payments Transaction is payment of pension by Government or other institutions
19 REMD Domestic Remittance Transaction is related to domestic remittance to beneficiary account
20 INVS Investment & Seurities Transaction is for the payment of mutual funds, investment products and shares.
21 PFDS PF Disbursement Transaction is related to the fund disbursement of EPF and CIT
22 PFSA PF Savings Transaction is related to the collection of EPF and CIT savings
23 G2GP Government To Government Payments Transaction is related to government to government institutional transfer. 
24 GREV Government Revenue Related Payments Transaction is related to collection of Government Revenue
25 COMC Commercial Payments Transaction is a collection of funds by commercial customer/institution/Tech. Member.

 

Note:

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

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