Express Cheque Clearing is clearing session of short duration of 2 hours for cheque presentment, response from paying bank and NRB settlement. It allows Banks/ FIs and their customers to present and realize their cheques faster. It supports cheque clearing up to NPR 200 million in case of NPR cheques and up to 2 million in case of USD, GBP and EUR cheques.
There are two express clearing sessions for four currencies NPR, USD, GBP and EUR; 1st is available from Sunday to Friday.
The session timings of express cheque clearing are as follows:
Timings | 1st Express | 2nd Express |
Presentment Start Time | 10:00 AM (T) | 11:00 AM (T) |
Presentment Cut-off Time | 11:00 AM (T) | 12:00 PM (T) |
Reply Cut-off | 11:30 AM (T) | 12:30 PM (T) |
Settlement Time | 12:00 PM (T) | 13:00 PM (T) |