Transaction fees in RPS for GoN revenue payments reduced

Jan 25, 2023 03:00 PM Merolagani

Nepal Clearing House (NCHL) has further reduced transaction fees in RPS/ connectIPS for revenue payment to Government of Nepal and various other transaction types.

Issuing a press statement, NCHL informed that the real-time payments (through RPS) for GoN and local Government initiated from mobile banking, internet banking, connectIPS, CORPORATEPAY and Bank Central has been reduced. After the reduction the transaction fee for GoN revenue payment through RPS will be now NRs 2 and NRs 5 for revenue value up to NRs 10,000 and above respectively. 

According to the statement, NCHL’s various channels of connectIPS, CORPORATEPAY, Bank Central, NPI, mobile banking of BFIs and wallets of PSPs are being used for GoN revenue payments. General public or institutions can use any of the digital channels or visit its bank branch for revenue payment. 

“During the first half of the fiscal year 2079/80, NCHL’s various channels processed more than 9.7 lakh GoN revenue transactions equivalent to NRs 114 Billion. NCHL has been working closely with GoN since last 5 years for e-payment of GoN revenue collection and has achieved close to 20% of revenue collection in terms of transaction number in the last fiscal year 2078/79, which is expected to grow further during the current fiscal year,” reads the statement.

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