As of 2020-11-26  15:00:00
Max Price 208.00
Min Price 200.00
Closing Price 201.00
Previous Closing 206.00
Difference (-5.00 )
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Date Mansir 12, 2077
Hallmark Gold
(per 10gm)
Nrs 78275/-
Tejabi Gold
(per 10gm)
Nrs 77845/-
Silver
(per 10gm)
999/-
Currency Unit Buying Selling
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NCHL SERVICES

 

Nepal Clearing House Ltd. (NCHL) is a public limited company established on 23rd December 2008 (8th Poush, 2065) under the leadership and guidance of Nepal Rastra Bank (The Central Bank of Nepal). It has the equity participation from Nepal Rastra Bank, commercial banks, development banks, finance companies and Smart Choice Technologies (SCT), a private card switch operator. NCHL recognizes banking & financial technology oriented services as one of the key ingredients for the Banks/FIs to improve their efficiency, productivity and also provide innovative financial solutions to their customers. And NCHL intends to help them realize these by providing various technology based payment related services without having to invest heavily into infrastructures by the Banks/FIs.

1. Electronic Cheque Clearing System (ECC) 

Electronic Cheque Clearing (NCHL-ECC) is an image-based, cost-effective, MICR (Magnetic Ink Character Recognition) cheque processing & settlement solution where an original paper cheque is converted into an image for electronic processing of the financial transactions between participating member Banks/FIs. The physical movement of the cheques are truncated or stopped at the level of the presenting bank in the NCHL-ECC System. The cheque does not physically travel to the clearing house or to the paying branch as it used to do in manual clearing process, resulting in a faster and easier processing of the cheque transactions.

NCHL-ECC currently supports cheques clearing of four currencies NPR, USD, GBP and EUR with presentment cut-off time at 13:00, paying bank response cut-off time at 15:00 and final settlement at 15:30 for standard (MICR encoded) cheques. Express Clearings and High Value Clearing are also available, which are of shorter durations.

  1. Regular Cheque Clearing

Electronic Cheque Clearing (NCHL-ECC) is an image-based, cost-effective, MICR cheque processing and settlement solution where an original paper cheque is converted into an image for electronic processing of the financial transactions between participating member Banks/FIs. The physical movement of the cheques are truncated or stopped at the level of the presenting bank in the NCHL-ECC System. The cheque does not physically travel to the clearing house or to the paying branch as it used to do in manual clearing process, resulting in a faster and easier processing of the cheque transactions.

Regular electronic cheque clearing supports clearing of cheques of up to NPR 200 million in case of NPR cheques and up to 2 million in case of USD, GBP and EUR cheques from Sunday to Thursday.

  1. Express Cheque Clearing

Express NCHL-ECC is a special clearing session of short duration for cheque presentment, response from paying bank and NRB settlement. It has 2 hours window for presentment to final settlement thus allowing the Banks/FIs and their customers to present and realize their cheques faster.


Currently there are two express clearing sessions for four currencies NPR, USD, GBP and EUR. 1st and 2nd express sessions are available from Sunday to Friday.

Express cheque clearing supports clearing of cheques of up to NPR 200 million in case of NPR cheques and up to 2 million in case of USD, GBP and EUR cheques.

  1. High Value Cheque Clearing

High value electronic cheque clearing is a special clearing session for presentment of high value cheques of above NPR 200 Million to 300 Million in case of NPR cheques and above 2 Million to 3 Million in case of USD, GBP and EUR cheques. It is available from Sunday to Friday.

 

2. Interbank Payments (NCHL-IPS)

NCHL-IPS is a system to safely and efficiently tranfer funds from one account to any other account held at any of the participating member banks & financial institutions (BFIs). It supports account to account payments (Direct Credit) and collection (Direct Debit) related transactions. The underlying transaction could be for various pruposes defined as products.

NCHL-IPS currently supports transaction in four currencies NPR, USD, GBP and EUR with presentment cut-off time at 13:00, reply cut-off time at 14:30 and final settlement after 15:00. Transaction sessions of shorter durations are also available for specific products (purposes).

 

3. ConnectIPS e-Payment

ConnectIPS e-Payment is a single electronic platform for the bank customers to initiate their payment transactions directly from the bank accounts. It works as a payment processor for creditor/ merchant payments and supports account to account fund transfers. However, the user needs to enroll within connectIPS, link its bank account and verify the linked account from its bank, as one-time process. Currently, it is available in web version, www.connectips.com and Mobile App. Per user per bank account transaction limit is up to NRs 10, 00,000 for online (web) and up to NPR. 50,000 for mobile app.

The service that is currently available through connectIPS e-payment includes Government payments, Online Fund transfer, Credit card bill payments, Mobile wallet top-up and Share brokers payments. Other services will be added in near future

For further details and enrolment, kindly to visit www.connectips.com. Mobile app can be downloaded from https://goo.gl/hCvs3j for Android and https://itunes.apple.com/us/app/connectips/id1449940087?ls=1&mt=8 for IOS.