Nepal Stock Exchange (Nepse) has already informed about the full implementation of connectIPS through NCHL integration. Now, the two-way electronic payment is possible through the online trading platform. Now, you need not visit the broker office to make or receive payment of your share transaction.
For this, you have to link your bank account with the Connect IPS electronic payment services. To do this, you have to follow these steps.
1. Create a connectIPS login password
First, you need to login to connectips to download this form. Go to www.login.connectips.com and create a user. Register yourself by providing the needed information like your name, email id, and address. Once you have created username and password and verified your email id, you can log in to connectips.
2. Link your bank account
After entering into the connectips dashboard, link your bank account by clicking the menu Bank account on the left side as shown in the image below. Click on the bank account and then into its sub-menu Link account. Provide the necessary information like your bank name, branch, bank account number and bank account name. Then you can click send for approval.
3. Download form
Once you click send for approval, you can download and print your form. Click Download form displayed in the right side to download and print the form. Take this form to the respective bank and submit your application to link your bank account to connectIPS. It is compulsory to take your identity verification certificate to submit your application.
4. Visit your broker
Once you link your bank account with connectIPS, visit your broker and learn more about the online payment through connectIPS.
Online trading is easy and fast. But you need to know how it operates before making a transaction through an online platform. So, at first, learn about online trading and payment system to make sure that you do not put yourself into a messy situation.