Nepal Clearing House Ltd (NCHL) has completely replaced manual cheque
clearing in Nepalgunj with its' electronic cheque clearing (NCHL-ECC) system
from today.
With this, electronic cheque clearing has come into full operation from
all the branches of the member banks and financial institutions located at
Nepalgunj, unlime earlier system of manual cheque clearing through Nepal Rastra
Bank (NRB) for the member banks and financial institutions.
After migration of manual clearing to NCHL-ECC and successful operation in
Kathmandu, Birgunj and Biratnagar, Nepalgunj is the fourth region to fully
rollout electronic cheque clearance.
"It is now possible for the customers to realise their cheqeus
presented at any of the member banks and financial institutions in Nepalgunj on
the same day," informed chief executive of NCHL Neelesh Pradhan.
"Having been observed the benefits of the electronic cheque
clearing, many of the member banks and financial institutions have already
started using it from their branches across the country, he said, adding that NCHL
plans to replace manual clearing operated by NRB at Bhairawa, Pokhara, Dhangadi
and Janakpur within the current fiscal year 2013-14.
NCHL currently has 118 banks and financial institutions including the
central bank as its member and few more are in the pipe line.
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