Nepal SBI Bank Limited and
Nepal Clearing House Limited Wednesday signed an agreement for Inter-bank
Payment system (NCHL-IPS).
V.K. Tyagi, deputy chief executive officer (CEO) of Nepal SBI Bank and Nilesh Man Singh Pradhan, CEO of NCHL exchanged the agreement amid a ceremony.
V.K. Tyagi, deputy chief executive officer (CEO) of Nepal SBI Bank and Nilesh Man Singh Pradhan, CEO of NCHL exchanged the agreement amid a ceremony.
Nepal SBI Bank said in a press statement
that it entered into NCHL-IPS agreement with a motive to providing modern banking
services to the customers.
As per the agreement, Clearing House will
provide NCHL-IPS system to the Bank to facilitate inter-bank electronic payment
service.
Banks and financial institutions associated
with Clearing House can provide direct credit and direct debit facility to the
customers through this system.
Member banks and financial institutions can
provide services like customer’s cash placement, dividend payment, Initial Public
Offering refund, bill payment, premium payment, allowance payment and
remittance services through this system.
“Transactions through the
system are transparent wherein the large number of transactions can be easily
conducted, risk is minimized and customers can avail international standard
payment services,” said the bank.
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