Reliance Finance Enters NCHL-IPS System

September 19: Reliance Finance has signed Interbank Electronic Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement, NCHL will provide NCHL-IPS service for electronic payment system to Reliance Finance. Neelesh Man Singh Pradhan, CEO of NCHL and Anil Shrestha, CEO of Reliance Finance signed the agreement on behalf of their respective organisation.

Customers can withdraw and make the payments from any accounts of the banks and financial institutions under the NCHL-IPS system. “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,” informs the service provider in a press statement.