Electronic Cheque Clearing (NCHL-ECC) is an image-based, cost-effective, MICR cheque processing and settlement solution where an original paper cheque is converted into an image for electronic processing of the financial transactions between participating member Banks/FIs. The physical movement of the cheques are truncated or stopped at the level of the presenting bank in the NCHL-ECC System. The cheque does not physically travel to the clearing house or to the paying branch as it used to do in manual clearing process, resulting in a faster and easier processing of the cheque transactions.

Regular electronic 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 from Monday to Friday. The session timings of regular electronic cheque clearing sessions are as follows:

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.

* will be reduced by 15 mins in Winter season (16th Kartik to 15th Magh)