January 15, 2020 | Investopaper
Kamana Sewa Bikas Bank Limited has signed an agreement with Nepal Clearing House on Poush 28,2076.
As per the agreement, the customers of Kamana Sewa Bikas Bank can benefit from RTGS service provided through IPS/Connect IPS.
RTGS refers to Real Time Gross Settlement which offers instant transfer of funds from one bank to the another without any waiting period. Customers can transfer the funds with the use of RTGS without issuing the cheques. They can fill the form in their respective banks permitting the bank to transfer to recipient.
Nepal Rastra Bank launched RTGS in September, 2019.
Kamana Sewa Bikas Bank is currently operating with 114 branches and 60 ATMs across Nepal. With the initiative to provide quality service, the bank offers ABBS, SMS Banking, Mobile Banking and other services.