Inter-Bank Payment System

 

 

RFL –  Interbank Payment System (IPS)

Reliance Finance Limited has associated with Nepal Clearing House Limited (NCHL) to provide NCHL-IPS service to the customers. 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.

 

Benefits:

  • Alternative payment options other than cash and cheque.
  • Ease of payment and collection directly to/ from any bank account to any other bank account.
  • Supports standing instruction based payments and mandate based collection on pre-scheduled dates resulting into faster access to fund and improved cash flow.
  • Ease of account operation as single account can support multiple purposes from multiple BFIs.

 

 

Fees:

 

Description 
Charges
Upto Rs.  500 Rs. 2
Rs.  501 – 5000 Rs. 5
Rs.  5001-50000 Rs. 10
Above Rs. 50000 Rs. 15
If Dividend and IPO Refund waived upto  Rs. 100
If Transfer from another BFIs Free