23rd April 2024, Kathmandu
Nepal Clearing House (connectIPS Scholarship Offer) has initiated an exciting scholarship offer to encourage online school fee payment through connectIPS. Twenty lucky students will stand a chance to receive a scholarship of up to Rs.10,000 or a lower bill amount.
The offer will be valid till 31st Baisakh, 2081 for school fee payments through connectIPS. The winners will be announced on the connectIPS website at the end of the offer and the scholarship amount will be credited to the same account from which the payment was initiated.
It is much easier for the students and their parents for online school fee payments. There are more than 700 institutions listed under the School Category of connectIPS to choose from for such payments.
A payer needs to log into connectIPS web or app, go to Creditors Payments, then to Educational Institutions, and click on Schools. Select the respective school from the list and then fill necessary payment information before the payment confirmation.
The educational institutions (schools & colleges) can enroll/enlist within connectIPS as creditors to receive fees directly into their designated bank accounts, for which, they can contact their respective banks & financial institutions.
connectIPS is predominantly used by BFI customers as a single platform to manage their multiple bank accounts and for easy fund transfers and service payments.
It allows transactions of up to Rs. 20 lakhs per transaction in web applications and up to Rs 2 lakhs in mobile apps.
It has processed transactions of more than Rs 3,900 Billion in settlement value during the current fiscal year 2080/81 (until the end of Chaitra 2080).