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NIC Asia Bank

NIC ASIA SELF-VERIFICATION

NIC Asia Bank Allows Self-verification in connect-IPS

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1st June 2021, Kathmandu

NIC Asia Bank Ltd. has enabled a self-verification process for online linking of its customer accounts within connect-IPS. With this, NIC Asia Bank’s customers will enroll within connect-IPS and link their bank account without visiting the bank branch in person.

This initiative of NIC Asia to allow its customers for online linking is expected to facilitate its customer during this pandemic situation further. With the increasing adoption of digital transactions, including fund transfer and service payments through alternate channels, connect-IPS is being excessively used by bank customers either from the mobile app or web application of connect-IPS or mobile banking of the bank itself.

The bank will allow a transaction limit of up to NRs. 2 lakh per day and NRs. 10 lakh per month for the accounts linked through self-verification. Such limits can be upgraded later to the full limit of connect-IPS through manual form-based approval.

How to link bank account with self-verification?

  1. Link the desired bank account in connect-IPS from the “Link Account” option.
  2. Select the “Self-Verify Account” option under the “Manage Account” section.
  3. Enter the OTP (One Time Password) sent by the bank to the registered mobile number.
  4. Enter two micropayments deposited at your bank account (intended for linking).
  5. The linked account can now be used from a connect-IPS mobile app and web application.

The customer needs to ensure that the mobile number used in connect-IPS is the same as that provided at the respective bank. The transaction limit for such self-verified accounts will be as per the limit assigned by the bank and may vary for each of the banks.

The self-verification process for account linking and verification within connect-IPS is currently available for 17 commercial banks, 6 development banks, and 1 finance company. Few other BFIs are also in the final phase of extending this service. connect-IPS has over 54 BFs within its network as its members

For more information, visit www.connectips.com.

nic asia bank celebrates love day

NIC Asia Bank launched Celebrate Love

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14th Feb 2021, Kathmandu

NIC Asia Bank launched a plan called ‘Celebrate Love with NIC Asia Bank’ for Valentine’s Day.

According to the strategy, the bank will target digital banking through mobile banking, debit or credit card, QR payment, and IGP gateway channels. This will give 20 lucky customers who are doing business through digital channels an attractive opportunity to have Valentine’s Day dinner at the best star hotel in Nepal.

The scheme, which will run from February 10 to February 13, will be able to scan QR codes through mobile banking services, paying different household bills through digital platforms, paying through debit or credit cards through POS, and trading through e-commerce. Lucky customers will be included for dinner by a round-robin, the bank said.

The bank has confirmed that only consumers who have made more than 500 transactions during the plan period will be included in the round. Often, customers who trade more than this number would have a better probability of winning.

The bank has announced that attractive dinners will be arranged at the nearest star. Or a similar hotel in Pyak to pick winners from any part of the country outside Kathmandu. The bank has also planned more attractive gifts for 1/1 people who do most transactions through 4 channels.

Similarly, targeting new customers, the bank plans to offer 100 smartphone top-ups to the first 100 people. Who will be trading through digital channels during the planning period?

The bank has confirmed that the balance of the wallet, the transfer of money to another bank or to another bank account of the same bank is not included in the scheme. The bank is optimistic that the scheme will help draw customers from physical transactions to digital transactions.

Swift Code of NIC Asia Bank

Swift Code Of NIC Asia Bank

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27th August 2020, Kathmandu

NIC Asia Bank is an ‘A’ listed commercial bank of Nepal. It was established in 1998 AD as Nepal Industrial and Commercial Bank. But later it merged with Bank Of Asia in 2013 and named itself NIC Asia Bank thereafter. It is one of the largest commercial banks in Nepal as of today. ‘Bank Pani Saathi Pani’ is the slogan of this bank. Now, let’s discuss the SWIFT Code of NIC Asia Bank in detail.

What is SWIFT Code?

Swift Code, also known as BIC[Bank Identifier Code] is the international code given to the banks so that they can be identified worldwide. The major use of SWIFT code is when you want to send/transfer money internationally.

FORMAT OF SWIFT CODE:

The SWIFT code can either have 8 or 11 characters.

AAAA BB CC (123)

Here, the first 4 characters mean the Bank’s name, the next 2 characters represent the country, the next 2 characters stand for the city where the bank is located. The last 3 characters represent the branch which is optional.

Swift code of NIC Asia Bank:

Swift Code: NICENPKA

Head Office: Trade Tower, Thapathali, Kathmandu

City: Kathmandu

Country: Nepal

Meanwhile, if you have any further queries visit the bank’s website by clicking here. You can also visit the nearest branch throughout the country.

Related Reads:

Swift Code Of Prabhu Bank

Swift Code of Nepal Rastra Bank

Swift Code of Prabhu Bank

NIC-Asia-Partners-With-Khalti

NIC Asia Bank Partners With Khalti Wallet For Super Chamatkarik Loan

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19th August 2020, Kathmandu

People who are willing to take a bank loan can now apply for NIC Asia Bank’s Super Chamatkarik Loan directly from Khalti Digital Wallet.

NIC Asia Bank has come up with three different types of loans i.e. Home, Car, and Business Loan scheme at 8.25 % annual interest rate and loan approval decision within 48 hours. These loans also have the features of swap loans of other banks, no change of interest rate in the first year, and loan processing fee of 0.25%.

With this feature, Khalti users will be able to apply for the loan by just tapping on the Loan icon in Khalti App. Khalti will only collect the applications of the customers of the bank who want to take a loan through the app. The collected applications will be forwarded to NIC Asia Bank for further processing.

NIC Asia Bank has stated that cooperation with Khalti has ended the situation where customers who need loans don’t have to visit the bank’s branch offices. After the customer applies for the loan through the Khalti App, the bank itself will contact the customer for further processing.

Khalti is an emerging mobile payment solution in Nepal. It provides various utility bill payment services, mobile recharge, DTH recharge, domestic flight booking, movie ticketing, event ticketing, hotel booking, newspaper subscriptions, payments at online shopping sites, and insurance premium payments among various other digital payments services. Khalti is a licensed Payment Service Provider from Nepal Rastra Bank. Currently, more than 13 lakhs people regularly use Khalti for various bill payments services.

NIC Asia Bank and CG Motocorp

Tie-Up Between NIC Asia Bank and CG Motocorp

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8th August 2020, Kathmandu

Good news for four-wheeler enthusiasts! Tie up between NIC Asia Bank and CG MotoCorp has taken place recently. The two parties have signed a MoU. According to the agreement, the bank has now become the finance partner of CG MotoCorp.

The MoU was signed by Santosh Kumar Rathi, Assistant Chief Executive Officer of the Bank and Siraj Pant, General Manager (Sales and Marketing) of CG.

CG MotoCorp is the official dealer of Suzuki brand vehicles for Nepal. After this agreement, the bank will provide easy and accessible car loans to CG Corps’s customers.

What are the benefits of the tie-up?

The customers will have access to the super miraculous car loan offer of the bank. It has an annual interest rate of 8.25 percent and 0.25 percent administrative fee. Apart from this, other facilities are also available.

The bank and CG MotoCorp have agreed to provide a 50 percent loan for private vehicles with red number plates and 80 percent loan for commercial vehicles with red number plates.

Similarly, the bank will provide the loan within 48 hours after receiving all the documents required. The loan period is up to 8 years in case of pledging of the vehicle and a maximum of 15 years in case of pledging of both vehicle and real estate.

Another good news is, the interest rate will not change for a year after getting the loan. The bank will provide the necessary guarantee paper for it. Similarly, the bank has made an arrangement to maintain the interest rate equal to the base rate if the base rate is more than 8.25 percent or 8.25 percent after one year.

All these offers and facilities will be available to the customers of CG MotoCorp all over the country.

NIC Asia Bank has been continuously coming up with several offers to lure customers. Its attempt in expanding its service is sure to benefit the bank in the long run.

Offers in Summary:

  • The annual interest rate of 8.25 percent
  • 50 percent loan for private vehicles, 80 percent for commercial
  • loan within 48 hours after receiving all the documents required

Are you happy with this agreement? Do you expect better offers? Have your say on this in the comments below.

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Nepal SBI Bank MOU With Soaltee Enterprises

Tie Up Between Muktinath Bikash Bank and NCC bank