NIC Asia and Yeti Bank Enter NCHL-IPS

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NIC Asia and Yeti Bank Enter NCHL-IPS

December 6: Two more banks have entered Interbank Electronic Payment System (NCHL-IPS) of Nepal Clearing House Limited (NCHL). The Clearing House made an agreement with Yeti Development Bank and NIC Asia Bank regarding NCHL-IPS on December 5. According to the agreement, NCHL will provide NCHL-IPS service for electronic payment system to the banks. 


Neelesh Man Singh Pradhan, CEO of NCHL and Representatives of the banks signed the agreements on behalf of their respective organisations amid separate programs. Under the NCHL-IPS system, customers can withdraw and make the payments from any accounts of the member banks and financial institutions. Under this service, customers can make the payments of money, dividends, IPO refund, bill s, premium, social welfare allowance, pension/salary, remittance and any other types of payment services. 

 

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