EPF Goes Digital: Loan payment Made Through ConnectIPS

ConnectIPS
Share It On:

5th August 2020, Kathmandu

Yes. You heard it right! Employees’ Provident Fund has gone digital. You can now pay the loans through NCHL’S Connect IPS payment gateway! This is the Fund’s next step towards digitization.

From now on, the customers can make the loan payment through the internet in the comfort of their homes.

Today, NCHL has integrated approximately 55 banks nationwide. Any borrowers with an account in the listed banks can easily make the loan payment.

The borrowers should perform the following steps to make the payment:

  1. Create an account in Connect IPS e-Payment system
  2. Link the account with the bank and verify it
  3. Make the selection of Provident Fund’s payment option and fill in the necessary information

After performing the above steps, you can visit the Provident Fund’s system to ensure if the payment was successful. It’s that easy!

As per the press release issued by NCHL, the payments made through Connect IPS will be collected in the Provident Fund’s account in various banks. These banks are Himalayan Bank, Machhapuchhre Bank, and NIC Asia Bank.

The agreement between NCHL and Employees’ Provident Fund had taken place last year in July regarding the payment integration with NPI. Till mid-July, that is Ashar end, Rs. 5.36 Billion was collected in different banks through NPI.

According to the provident fund, it is also planning to enhance the digitization in other payment aspects in the future.

This is a major milestone in the digitization of the provident fund. Such steps are essential in order to ensure customer satisfaction and the overall growth of any organization. Let’s welcome the step!

Do you want to share your opinion in the comments below? We would like to hear from you.

Suggested Reads:

Nepal Rastra Bank To Make NCHL a Non-Profit Company

Sagoon Denies Previous Claims by SEBON, Says the Information is Misleading

Sanima Bank Has Introduced Digital Counter


Share It On:

Recent Posts

Liberty Energy Rights Shares Offering: Eligibility, Application Process, and Future Plans

Liberty Energy Rights Shares Offering: Eligibility, Application Process, and Future

Share It On:22nd November 2024, Kathmandu Liberty Energy Company Limited is gearing up to issue rights shares starting December 1,

Asha Laghubitta’s 8th AGM 2024: Key Decisions and Future Plans

Asha Laghubitta’s 8th AGM 2024: Key Decisions and Future Plans

Share It On:22nd November 2024, Kathmandu Asha Laghubitta Bittiya Sanstha is holding its 8th Annual General Meeting (AGM) today, November

6th Asian Population Conference 2024 in Nepal: Advancing Sexual and Reproductive Health Policies

6th Asian Population Conference 2024 in Nepal: Advancing Sexual and

Share It On: 21st November, Kathmandu Nepal is set to host the 6th Asian Population Conference from November 27 to

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Share It On:21st November, Kathmandu Kumari Bank Limited has officially declared its intention to sell a substantial number of promoter

Up to NPR 150 Cashback on Nepal Telecom and Ncell Services with Namaste Pay

Up to NPR 150 Cashback on Nepal Telecom and Ncell

Share It On:21st November, Kathmandu Namaste Pay has unveiled an exciting new campaign to reward its users with cashback on

Ncell introduces innovative feature, enabling customers to convert voice to data or data to voice services

Ncell introduces innovative feature, enabling customers to convert voice to

Share It On:21st November, Kathmandu Ncell customers can enjoy an innovative feature that allows them to convert or exchange remaining