Introducing NCHL-IPS Service in City Express Finance !!

NCHL-IPS is a system to safely and efficiently transfer 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 purposes 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).


 

 

NCHL-IPS Timings
Details Exchange 0 Exchange 1 Exchange 2 Exchange 3 Exchange 4 Exchange 5
Presentment Start Time 13:00(T-1) 10:00(T) 10:00(T) 11:00(T) 12:00(T) 13:00(T)
Presentment End Time 10:00(T) 13:00(T) 11:00(T) 12:00(T) 13:00(T) 14:45(T)
Cancellation Period Up to10:30(T) Up to 13:30(T) Up to 11:15(T) Up to 12:15(T) Up to 13:15(T) No cancellation
Reply Period Up to 11:30(T) Up to 14:30(T) Up to 11:30(T) Up to 12:30(T) Up to 13:30(T) Up to 15:00(T)
Settlement Starts 12:00 15:30 12:00 13:00 14:00 15:30

Note:

  1. 1. Exchange Sessions 0 and 2 are available from Sunday to Friday, except that foreign currency sessions are not available on Sunday.
  2. 2. Exchange Sessions 1, 3, 4 and 5 are available from Sunday to Thursday, except that foreign currency sessions are not available on Sunday.
  3. 3. Exchange Sessions are mapped to the NCHL-IPS products (purposes) and will be automatically presented to the earliest available exchange session.
  4. 4. Banks may have their own cut-off times as per their internal process / policy.

 

 

NCHL-IPS Product/Purpose
S.No. Code Purpose Name Purpose Description
1 CUST Customer Transfer General customer fund transfer
2 TREA Treasury Payment Transaction related to treasury operations
3 GOVT Government Payment Transaction related to payment from a government organizations
4 REMI Remittance Payment Transaction is related to payment of remittance proceeds
5 DIVI Dividend Payment Transaction is payment of dividends
6 IPOR IPO Refund Payment Transaction is payment of IPO refunds
7 SALA Salary Payment Transaction is payment of Salaries
8 INSU Insurance Payment Transaction is a payment of insurance premium and for disbursement by Insurance companies
9 INSM Installment Payment Transaction is related to a payment of an installment of loan repayment, others repetitive and recurring payments
10 CCRD Credit Card Payment Transaction is related to a payment of credit card account, bill, charges, etc
11 SALC Salary Payment Corporate Transaction is related to a payment of Salaries (charge liability on originating corporate)
12 FEEO Fees Payment Transaction is related to a payment of Fees.
13 SUPP Supplier Party Payment Transaction is related to a payment to a supplier and party
14 COLL Collection Payment Transaction is related to collection of payment
15 RTPS Real Time Retail Payments Transaction is related to a real time retail payments backed by settlement guarantee fund (SGF).