Electronic Cheque Clearing and Interbank Payment System in Nepal

nchl operations
Share It On:

15th May 2022, Kathmandu

Electronic cheque clearing and interbank payment system transactions are possible on the same day

Transactions and deadlines for Nepal Clearing House’s electronic cheque clearing and interbank payment system have been modified. After the government decided to provide public holidays two days a week on Saturday and Sunday beginning May 15, the clearinghouse modified the deadline to further encourage and promote electronic transactions.

It is also said that the system would be fully operating on Friday, even though Saturday and Sunday are public holidays. This restriction will become effective on May 17, 2017. Furthermore, NCHL has updated the existing sessions and scheduled additional sessions from Monday to Friday. According to the new arrangement, if the payment order of cheques filed until 4 p.m. is received by 5 p.m., it will be sold that day.

A total of four express clearing sessions have been scheduled, allowing cheques to be filed until 4:00 p.m. Similarly, a high-value cheque clearing session has been created for clearing cheques of Rs. 200 to 300 million, and cheques can be filed till 3:00 pm.

Similarly, payment orders received before 5:00 p.m. through the NHCL IPS system would be cleared the same day.

Payment orders submitted between 9:00 a.m. and 5:00 p.m. are cleared every 2–2 hours, thanks to the addition of short-term sessions.

For more information: Click Here

NCHL IPS SYSTEM


Share It On:

Recent Posts

WT20I Triangular Series 2025: Nepal, Netherlands, Thailand – Sponsored by Yamaha

WT20I Triangular Series 2025: Nepal, Netherlands, Thailand – Sponsored by

Share It On:30th January 2025, Kathmandu Yamaha Nepal, a brand synonymous with performance, reliability, and excellence, proudly announces its Title

Samsung Galaxy S25 Series Pre-Order Nepal: Best Deals, Price, Specs & AI

Samsung Galaxy S25 Series Pre-Order Nepal: Best Deals, Price, Specs

Share It On:30th January 2025, Kathmandu Samsung Nepal announced that customers can pre-order its latest Galaxy S25 Ultra, Galaxy S25+,

Startup Funding Nepal: Challenges, Sources, Venture Capital, & Bank Loans

Startup Funding Nepal: Challenges, Sources, Venture Capital, & Bank Loans

Share It On:30th January 2025, Kathmandu Nabil Bank’s Senior Deputy Chief Executive Officer (DCEO), Manoj Gyawali, spoke at the Nepal

KP Oli’s Export Growth Targets and Infrastructure Development Plans for Nepal’s Economic Success

KP Oli’s Export Growth Targets and Infrastructure Development Plans for

Share It On:30th January 2025, Kathmandu Prime Minister KP Sharma Oli has called on Nepal’s business community to scale up

Nepal Corruption Probe Demanded: Pun Calls for Investigation of Top Politicians

Nepal Corruption Probe Demanded: Pun Calls for Investigation of Top

Share It On:30th January 2025, Kathmandu Barshaman Pun, Deputy Secretary of the Maoist Centre, has demanded an investigation into various

Bipin Joshi, Nepali Hostage: Alive in Gaza, But Release Not Confirmed

Bipin Joshi, Nepali Hostage: Alive in Gaza, But Release Not

Share It On:30th January 2025, Kathmandu Bipin Joshi, a Nepali student held by Hamas since October 2023, has been confirmed