Agreement between Siddhartha Development Bank and Nepal Clearing House

Kathmandu February 17-  Siddhartha Development Bank has entered into the list of signing agreement with Nepal Clearing House for interbank electrical payment system.

Chief Executive Officer of Nepal clearing house Nilesh Man Singh Pradhan and Chief Executive Officer of Siddhartha Development Bank Ajay Kumar Mishra signed the agreement on behalf of their respective companies.

Customers of banks and finance companies affiliated with NCHL-IPS system may get direct credit and direct debit from any accounts maintained at these financial institutions.

Customers can get services of amount transfer, dividend payment, IPO refund, bill payment, premium payment, social service allowance, pension/salary payment, remittance etc from any of the associated banks and financial institutions. Banking transactions carried out through NCHL-IPS system are considered transparent, efficient and with minimum of risk.