NCHL restores the settlement time for ECC and interbank transfers for final week of Chaitra; aims to facilitate month end transfers of different agencies

Thu, Apr 9, 2020 11:20 AM on Corporate, Latest,

Nepal Clearing House has made available its previously practiced settlement procedures for Electronic Clarence of Cheque ECC and Interbank transfers. Now, cheques that are placed for clearance in the NCHL server within 1: 30 pm and interbank payments placed within 1 pm will be settled on the same day while the transaction placed after the set time will be settled the following day.

Despite of the ongoing lockdown, NCHL has increased the service duration for the final week of the Chaitra to facilitate the surge in several month end government and non-government transfers, as per the media statement.