NCHL-IPS is an interbank fund transfer system where bulk or one-to-one transaction from any of the participating member banks & financial institutions (BFIs). It supports account-to-account payments (Direct Credit) and collection (Direct Debit) related transactions.
| 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 | SSBE | Social Security Payments | Transaction is payment of social security benefits by government or other institutions |
| 16 | SSFC | SSF Collection Payments | Transaction is related to collection of SSF payments. |
| 17 | PENS | Pension Payments | Transaction is payment of pension by Government or other institutions |
| 18 | REMD | Domestic Remittance | Transaction is related to domestic remittance to beneficiary account |
| 19 | INVS | Investment & Seurities | Transaction is for the payment of mutual funds, investment products and shares. |
| 20 | PFDS | PF Disbursement | Transaction is related to the fund disbursement of EPF and CIT |
| 21 | PFSA | PF Savings | Transaction is related to the collection of EPF and CIT savings |
| 22 | G2GP | Government To Government Payments | Transaction is related to government to government institutional transfer. |
| 23 | GREV | Government Revenue Related Payments | Transaction is related to collection of Government Revenue |
| 24 | COMC | Commercial Payments | Transaction is a collection of funds by commercial customer/institution/Tech. Member. |
| 25 | STLM | Settlement Payment | Settlement Payment |
| 26 | GTAX | Government Tax | Government Tax |
