NEPSE implements first phase of bank integration from today; per day transaction limit set at Rs.10 Lakhs

Mon, May 27, 2019 1:19 PM on Latest, NEPSE News, Stock Market,
NEPSE impl...

Nepal Stock Exchange Limited (NEPSE) has published a press release regarding the implementation of the first phase of Bank Integration Process.

As per the notice published, investors using Online Trading System and having bank account in BFIs under Nepal Clearing House Limited (NCHL) can make online payments to the broker from today. For the first phase only payment to broker can be facilitated using the online system while in the second phase receiving payments from broker will also be made available.

As per NHCL, the limit for online transfer from one bank account is set at Rs.10 Lakhs per day. Further, it is mentioned that the implementation of such system can increase the ease and accessibility in the stock market, benefiting the investors.

It is also mentioned that for more information, the investors can contact their respective brokers.