Mahalaxmi Bikash Bank Joins NCHL System

November 23: Mahalaxmi Bikash Bank has signed Interbank 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 the bank. Neelesh Man Singh Pradhan, CEO of NCHL and Ramesh Kumar Bhandari, CEO of Mahalaxmi Bikash Bank signed the agreement on behalf of their respective organisaiton.

Customers can withdraw and make payments from any account of the banks and financial institutions under the NCHL-IPS system. “Under this service, customers can make payments of cash, dividends, IPO refund, bills, insurance premium, social welfare allowance, pension/salary, remittance and all other types of payments,” informs the bank in a press statement.