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 BFI

Fees:

Description

Charges

Upto Rs. 500.00 Rs. 2.00
Rs. 501.00 - 5,000.00 Rs. 5.00
Rs. 5,001.00 - 5,0000.00 Rs. 10.00
Above Rs. 5,0000.00 Rs. 15.00
If Dividend and IPO Refund waived upto Rs. 100.00
If Transfer from another BFIs Free

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