NCHL Facilitates 4 More BFIs to Start the RTGS System

NCHL Processes Record-Breaking
Share It On:

19th May 2022, Kathmandu

In continuation to supporting Nepal Rastra Bank (NRB) in its initiative of extending the Real Time Gross Settlement (RTGS) system, Nepal Clearing House Ltd.

NCHL has further enabled 1 development bank and 3 finance companies into the connect-RTGS system, through which they will now be able to initiate and process RTGS transactions.

Miteri Development Bank Ltd., Nepal Finance Ltd., Samriddhi Finance Company Ltd., and Shree Investment & Finance Co. Ltd. are the recently added BFIs to the system.

Prior to this 24 commercial banks, 9 development banks and 8 finance companies have already been using the RTGS system. Out of the total BFIs using RTGS, a total of 46 BFIs are accessing RTGS through connectRTGS, which is an additional platform provided by NCHL to its member BFIs for them to initiate and process RTGS transactions.

RTGS issued for processing high-value and urgent transactions above 2 lakhs by these BFIs on the behalf of their customers or their own institutional transfers.

The customers will have to request the BFIs for the RTGS transactions by filling out a transfer form available at the bank.

As per NRB’s data, it has already processed a total of 65,376 transactions equivalent to NRs 4.3 Trillion, in the current fiscal year until the end of Chaitra 2078.

For more information, visit www.nchl.com.np.


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