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