Nepal Infrastructure Bank Ltd (NIFRA) has been enrolled in and started processing its transactions in real time gross settlement (RTGS) system, corresponding to which Nepal Clearing House Ltd (NCHL) has enabled NIFRA into connectRTGS system.

In continuation to supporting Nepal Rastra Bank's initiative to extend the RTGS system, NIFRA has joined connectRTGS, which is already being used by over 35 banks and financial institutions. NIFRA will now be able to initiate and process high value and urgent transactions above Rs 200,000 through RTGS and is expected to largely help in its fund management.