ASBA /C-ASBA
Application Supported by Blocked Amount (ASBA) is a process for applying to public/rights issues submitted by investors by blocking the application money in their bank account while subscribing to the issue. C-ASBA will ensure centralized posting and verification of bank account numbers and DMAT account numbers ease monitoring of double application for issue managers and share registrars, cancellation of application upon double applications and prepare a final report for securities allocation.
Mero Share application is the on-line system developed by CDSC through which the shareholders can apply application for IPO/FPO/Rights issues once they are registered through C-ASBA. C-ASBA is also provided by Excel Development Bank Limited from all over its branches inside Koshi Province. To avail the facility, just fill up the C-ASBA registration form and submit to any nearest EDBL branches.
connectRTGS
A Real Time Gross Settlement System (RTGS) is a Fund Transfer System in which the transfer of funds between one bank and another takes place in “real time” and on a “gross” – transaction by transaction – basis, without bundling or netting with any other transaction. Real time settlement means that a payment transaction is not subjected to any waiting period. If funds are sufficient, transactions are processed and settled as soon as they are entered into the RTGS. Once processed, payments are final and irrevocable. RTGS transactions may be customer to customer or bank to bank but are always sent by one bank (the paying bank) and received by another (the collecting bank).
connectRTGS is an integration component for integrating banks & financial institutions’ (BFI) internal system with the RTGS system hosted by NRB. It is a gateway to enable the BFIs to initiate and process RTGS transactions. It has outward module to initiate outgoing transactions and inward module to process incoming transactions from RTGS system. It is integrated with the bank’s system to enable full STP for the banks in order to comply with the SLA of the RTGS system prescribed by NRB.
Speed and Convenience
- Real-Time Speed: Funds transfer instantly and land in the receiver’s account within minutes.
- No Waiting: Transactions are processed individually and immediately, not in batches.
Limits and Amount
- High Value: Best built for large, urgent money transfers more than Rs.2 Lakhs.
- No Upper Cap: There is no maximum limit set on how much money you can send in a single day.
*For further details and terms and conditions, please contact our nearest branch .
connectIPS
Connect IPS is a single payments platform that allows the customers to link their bank account(s) to enable payment processor, fund transfer and biller payments. An extended product of Nepal Clearing House to support citizen-to-government (C2G), customer-to-business (C2B) and peer-to-peer (P2P) payment transactions directly from/to the bank accounts. This is available on both web channel and mobile app.
Corporate PAY
Corporate PAY system is a business payments platform developed and hosted by NCHL. It allows corporate customers of the Bank for initiating digital payments from different accounts held at different banks. This platform supports multiple banks and multiple accounts with all the necessary multi-user controls required for such business transactions.
Corporate customers can link multiple Bank accounts, enabling them to do transactions in different payment systems (NCHL-connectIPS, NCHL-IPS, proposed NCHL-RTGS).
Demat
Similar to a bank account where you put your money for saving and transacting, a Demat account is needed to keep your stocks (shares) and to transact them. As per the regulation of SEBON and CDSC, it is mandatory to have a demat account to transact (buying, selling and applying for IPO/FPO, etc) in the stock market.
Hence, if you want to invest in stock markets, you will need to open a Demat Account. You can open a demat account at any of the merchant bankers or at brokers who have got the necessary approvals.
EDBL (IPN) Voice Notifications Speaker.
Excel Development Bank Limited IPN comes with a portable speaker that gives you an instant audio confirmation on receiving QR payments in your preferred regional language. This ensures that you do not miss even a single payment during peak times at work.
With the EDBL QR enabled Soundbox, you can accept payments via Fonepay, Nepal Pay. It is available in 5 regional languages (Nepali, Newari, Maithili, Bhojpuri and English ) and comes with powerful battery.
It seamlessly integrates with your QR standee and operates on a 4G enabled SIM. This device empowers our suite of existing payment solutions and helps deliver better performance and greater convenience, thus helping your business grow.
QR
As a paperless system of making payment, Excel Development Bank offers an alternative to the traditional systems, a payment via QR Code scanning through Mobile. QR payment systems have the advantage of enabling transactions to be processed quickly and more cheaply and also offer a much more convenient method of effecting settlement of transactions.
EDBL offers merchant enrollment in QR payment services offered by Fonepay and NepalPAY WeChat-UnionPay for different business entities.
Bank Guarantee
Bank Guarantee is an undertaking/promise of an issuing bank to pay to the beneficiary if the applicant fails to perform the duties and obligation as per the contract between applicant and beneficiary. EDBL issues all types of bank guarantee as per the requirement of our customers.
Remittances
A remittance is a transfer of money from one party to another, most commonly referring to funds sent by migrant workers to family members back in their home country. It acts as a vital economic lifeline, driving global commerce and supporting household incomes in developing nations. Receiver can get money producing the Secret Key to the EDBL branches from where they want to receive money with his/her valid identification documents issues by the government of Nepal to verify their identity (Citizenship certificate, driving license, National Identity Card etc.).
Customers can receive payments from all our branches sent via
1. Western Union Money Transfer
2. IME
3. City Express
4. Samsara Remit
5. iPay
6. Kumari Remit
7. Nepal Remit
8. Himal Remit
9. eSewa Remit
Keep your valuable belongings and important documents safe with EDBL Safe Deposit Locker Facility. Designed to provide security, privacy, and peace of mind, our locker services are available in multiple sizes to meet your individual needs.
The Safe Deposit Locker service is currently available at Birtamod, Chandragadi, Damak, • Dharan Branches.
Choose the locker size that best suits your requirements and enjoy a safe and reliable storage solution with Excel Development Bank Limited.
Documents Required for Account Opening/Safe Locker Application.
1. NID/Citizenship
2. Passport size photograph.
3. Citizenship/birth certificate (in case of a minor) of Nominee
4. Photograph of nominee
Security Deposit
Security deposit is acceptable in the form of lien over Savings/Current/Fixed Deposit Account.
For Fee and Charges, you can visit here.
For further details and terms and conditions, please contact our nearest branch having locker facility.