NIC ASIA Bank to facilitate digital payment of the loan for EPF borrowers; to partner with NCHL for digital loan payment system

Wed, Jul 22, 2020 7:07 AM on Corporate, Latest,

NIC ASIA Bank and Employee Provident Fund have inked an agreement under which the bank will facilitate in digital payment loan amount and interest for the borrowers of EPF which would involve Nepal Clearing House in the process.

The agreement to that effect was signed between Assistant CEO of the bank Mr. Santosh Kumar Rathi and MD of the EPF Mr. Arjun Kumar Gautam, as per the media statement.

Following the agreement, borrowers of EPF can make easy digital payment of their loan amount through the portal rather than visiting the bank during the ongoing COVID threat, as per the media statement.

The bank currently provides its services to its strong customer base from its 326 branches, 464 ATM terminals, 101 extension counters, and 61 branchless banking units throughout the nation.