Services We Provide

NCHL recognizes banking & financial technology-oriented services

A Little About Us

Nepal Clearing House Ltd. (NCHL) is a public limited company established on 23rd December 2008 (8th Poush, 2065) under the leadership and guidance of Nepal Rastra Bank (The Central Bank of Nepal). It has equity participation from Nepal Rastra Bank, commercial banks, development banks and finance companies. 


Our Top Missions

  • Establish and operate national systems for clearing, payments and settlements.
  • Facilitate the development of secure & trusted new payment methods and technologies in Nepal.
  • Protect and increase shareholders’ values.
  • Establish as an organization of choice for the employees.

We Provide Solutions

NCHL as per its strategic objectives to establish multiple payments, clearing and settlement systems in Nepal is currently operating Electronic Cheque Clearing (NCHL-ECC), Interbank Payment System (NCHL-IPS), Retail Payment Switch (RPS), connectIPS e-payment system, CORPORATEPAY, connectRTGS and National Payment Interface (NPI).

Electronic Cheque Clearing (NCHL-ECC)

Electronic Cheque Clearing (NCHL-ECC) is an image-based, cost-effective, MICR (Magnetic Ink Character Recognition) cheque processing & settlement solution where an original paper cheque is converted into an image for electronic processing of the financial transactions between participating member Banks/FIs. 

𝘤𝘰𝘯𝘯𝘦𝘤𝘵IPS e-Payment

connectIPS e-payment system is a faster payment system implemented as a standardized single payment platform for real-time retail payments. It provides multiple channels of web portals, mobile apps, payment gateway, and open APIs for initiating and processing transactions for the customers of the member banks and financial institutions (BFIs).


CORPORATEPAY system is a business payments platform that allows the corporate and business customers of the member banks & financial institutions (BFIs) for initiating digital payments from any of the accounts maintained at member banks. 

Interbank Payment System (NCHL-IPS)

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. 


National Payments Interface (NPI)

National Payments Interface (NPI) is the consolidated Application Programming Interfaces (APIs) of multiple payment systems hosted by NCHL or any other institutions built in an Open API platform concept. It currently provides access to NCHL-IPS system and RPS underlying payment systems with the overlaying services built on top of the platform. 


Real Time Gross Settlement (RTGS) system supports the processing of high value and urgent transactions between the participating BFIs and for settlement of systemically important payment systems on net settlement basis. It provides immediate realization of funds and minimizes the settlement risk of the other payment systems. 

Retail Payment Switch (RPS)

National Payment Switch (NPS) is the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. It includes Retail Payment Switch (RPS) for handling retail (non-card) based transactions and retail instruments, whereas National Card Switch (NCS) included card switch and domestic card scheme.


NEPALPAY QR has been implemented by NCHL as per the NepalQR standards published by Nepal Rastra Bank and as part of the National Payment Switch which is mandated by NRB to establish and operate a national QR scheme/network and internetwork transaction & settlement. 

National Archive System

National Archive is an additional service provided to the member BFIs to access old transaction details processed through NCHL systems. All transactions older than three months (as per current archive policy) are moved from the NCHL system to the National Archive system to store the transactions for a longer period (7 years as per current archive policy). 

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