The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The UCO Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'UCBA', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the UCO Bank branch. If you are looking for online IFSC Code of UCO Bank you can find here in Goodreturns.
Online money transfer has become a gift to the field of banking, allowing consumers, mostly from the convenience of their home, to transfer money and make payments online.
UCO Bank also provides electronic payment services to its customers through the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) system. The RBI has implemented all these payment options which uses a special framework known as the IFSC code to operate. The RBI provides IFSC codes to each bank operating in the NEFT network and helps to classify the source bank from the recipient bank in the transaction process. An IFSC (Indian Financial System Code) is an alphanumeric code of 11 characters which is composed of three parts. The first 4 characters signify the name of the bank, then the following character ‘0’ is always the same and hence kept only for future application or use, and the last 6 characters reflect the bank's particular branch. Let’s take an example of IFSC code of UCO Bank Behlana,chandigarh, Chandigarh Branch is UCBA0001330. Considering the same break-up,' UCBA' stands for the bank's name, i.e. The fifth character of UCO Bank is 0, and the last 6 characters of code ‘001330’ reflect UCO Bank's Behlana,Chandigarh, Chandigarh Branch.
Customers or account holders of UCO Bank can transfer funds using the IFSC code of the beneficiary's bank branch using the ways mentioned below.
The online fund transfer system provided by the Reserve Bank of India refers to the NEFT or National Electronic Funds Transfer service. This requires the online transfer of funds to be carried out by all account holders of banks active in the system. Account holders are needed to have the beneficiary's IFSC code for the electronic transfer of funds. The fund transfer request will be rejected in the event of an inaccurate IFSC code.
Real-Time Gross Settlement (RTGS) is yet another payment mechanism in which money is transferred in real-time and on a gross basis to the beneficiary's account. The RTGS system is mainly intended for transactions of large value (more than Rs. 2 lakh) and also render immediate settlement of funds. The sender needs to provide the following details to make a transaction using RTGS.
The Immediate Payment Service (IMPS), operated by the National Payment Corporation of India (NPCI), is a real-time immediate inter-bank fund transfer platform. In comparison to NEFT and RTGS, IMPS is available 24/7 during the entire year, including bank holidays. The sender has to include the following details in order to render a fund transfer using IMPS:
The UCO Bank IFSC Code can be easily identified by any of the means listed below:
By exploring Goodreturns.in, customers can check the IFSC code of UCO Bank. Any individual can visit this site and follow the instructions listed below to search the UCO Bank IFSC code. In addition, to find the UCO Bank IFSC code, users can also access the RBI's official website.
Through the cheque book issued by UCO Bank- At the top of the UCO Bank cheque, the IFSC code is specified, while the cheque number and MICR code are at the bottom of the cheque for the same branch.
Through a passbook issued by UCO Bank- UCO Bank account holders can also search the IFSC of their branch on their bank-provided account passbook. Conversely, customers can check the site of the Reserve Bank of India to locate the same.
UCO Mobile Banking is the easiest way to make fund transfer through digital and secure manner. You need to open UCO Bank Mobile Banking app in your mobile and then login to your account using the login credentials in order to view accounts, transfer funds and generate account statement. Customers can transfer funds to their own accounts, other UCO bank accounts (transfer to third party funds), periodic transfers of funds (by adding third-party beneficiaries), manage loan accounts, RD and PPF accounts by using the UCO Bank Mobile Banking service. The customer can also transfer funds to the accounts of other banks using the IMPS / RTGS / NEFT facility. Besides this, customers can generate account statements for a particular time and also view or manage their account history.
Note: The maximum daily cap for third parties for Application / WAP-based networks will be Rs 2,00,000 for transfer / NEFT / RTGS / IMPS / Bill Payment / Other Facilities.
You can refer to Circular No for specific guidance and details about UCO Mobile Banking at CHO / BPR&BTD/07/2015-16 accessible from UCO Online. Please write to UCO Bank in the event of any clarification at:-
Toll Free no. 18002740123 033-44559059/9084/9459
You must follow the below listed timings in order to initiate fund transfer through UCO Bank NEFT or RTGS methods:
From Monday - Saturday for customer transactions (8.00 hours to 18.00 hours) and for interbank transactions (8.00 hours to 19.45 hours).
From Monday - Sunday on a 24x7 basis
From Monday to Sunday: 00:30, 01:00, 01:30, 02:00, 02:30, 03:00, 03:30, 04:00, 04:30, 05:00, 05:30, 06:00, 06:30, 07:00, 07:30, 08:00, 08:30 09:00, 09:30, 10:00, 10:30, 11:00, 11:30, 12:00, 12:30, 13:00, 13:30, 14:00, 14:30, 15:00, 15:30, 16:00, 16:30, 17:00, 17:30, 18:00, 18:30, 19:00, 19:30, 20:00, 20:30, 21:00, 21:30, 22:00, 22:30, 23:00, 23:30, 00:00 hours.
Contact details of customer facilitation centre of NEFT/RTGS:
RTGS NEFT Cell, Mumbai
359, Dr. D. N. Road, Fort,
Mumbai – 400001
Email : email@example.com
For amount above Rs. 5 Lakh Remittance through Electronic Mode – (RTGS Outward Transactions)
Note: Charges are not applicable for NEFT/RTGS transaction done through alternative mediums such as Mobile Banking, Internet Banking etc.
Interbank Mobile Payment System (IMPS) is a new platform which will revitalise India's retail cash payment industry. We are happy to say that, as of 23 July 2011, UCO Bank has already joined the uprising. All registered customers can now be able to use their mobile phones to transfer funds from their accounts to any other account across India via IMPS. IMPS provides 24X7x365, interbank electronic fund transfer facility via mobile phones to the customers of UCO Bank. IMPS helps consumers to use mobile phones as a portal to reach their bank accounts and safely place high interbank fund transfers with instant approval functionality. The customer must have a mobile number and an MMID linked to his account in order to use IMPS service. The Mobile Money Identifier (MMID) is a specific seven-digit code that is linked with any current or saving account. The customer would have to know his mobile number and MMID to transfer funds to another individual.
UCO mBanking users can follow the steps to generate MMID
The most prominent electronic money transfer method in India when it comes to high volume money transfers is RTGS or Real Time Gross Settlement. The Reserve Bank of India (RBI) directly regulates this system. For this effect, the same can not be reversed once the transaction is settled in the Reserve Bank accounts log. UCO bank gives its customers the ability both online and at the bank branch to execute RTGS transactions. To use this service, the sender must fill out the UCO Bank RTGS form.
How I can fill UCO Bank RTGS Form?
The applicant must provide the details listed below in the UCO Bank RTGS form in order to facilitate the RTGS transaction.
A unified RTGS form and payment order is the UCO Bank RTGS Form. This renders it convenient for the applicant to transfer funds through RTGS. The form is accessible in both Hindi and English. Applicants can directly download and print the form from the bank's website. They can also fill out the form online and pay through net banking or mobile banking for the RTGS transaction.
In order to make RTGS transactions, the bank requires applicants to bear in mind the following factors:
Both in English and Hindi, the UCO Bank RTGS form is usable. Over Rs 2 lakhs, the bank allows RTGS transfer; there is no upper limit (with nominal transaction fees). In RTGS transactions, the money will be transferred in the beneficiary account within 30 minutes, as per RBI guidelines. If the transaction will not be approved for any reason, the money will be returned within 2 hours to the sender's account. So in event account holders have to make any high volume emergency transfer, they only need to fill out the form of UCO Bank RTGS and transfer the cash.
UCO Bank of India, through NEFT (National Electronic Funds Transfer), provides its customers with a fund transfer facility. Online and offline, customers can use the NEFT service. When the account holders of the UCO Bank of India are unable to access their net banking or mobile banking account, they can make offline transactions by visiting the bank branch and filling out the NEFT form of the UCO Bank of India. UCO Bank of India NEFT service can be used by customers in two ways:
By filling in the UCO Bank of India NEFT Form, account holders can even visit the bank and carry out the transaction. For offline banking, the following details are required to fill in the UCO Bank of India NEFT form.
Note: The above-listed charges are applied per transaction and tax are also applicable.
Inter Bank does not mean within the same bank. Inter Bank Transfer specifies that an individual (remitter) with a bank account 'A' can transfer money to another person (payee/recipient) with a bank account 'B.' Inter Bank Transfer is a specialized feature that enables you to transfer money into a bank account with any other bank in India from your bank account. Inter Bank Transfer facilitates a digital transfer of money from the remitter's bank account to the recipient's account operated at any other bank across India. In order to transfer funds, the person to which the funds are to be transferred or the transfer is to be made has to be added as a 'beneficiary' and his/her bank account details should be specified too. You are required to add an inter-bank 'beneficiary' to your account if you wish to transfer money from your Uco Bank account to another bank account other than Uco Bank. You can transfer the amount from your account to his/her account after adding the inter-bank 'beneficiary' successfully. You must have the online banking service in your account enabled for this task. It is quite convenient and straightforward and not a time-consuming task to add an inter-bank 'beneficiary' to your UCO bank account.
One of the largest public banks in India is UCO Bank, formerly identified as United Commercial Bank. UCO Bank Timings should be mindful to customers planning to visit the bank. UCO Bank has agreed to run all the banking services every day except 2nd and 4th Saturdays on its regular operating hours, i.e. 10:00 AM to 4:00 PM, after lockdown. For the wellbeing of staff and customers, special precautions have been introduced at the bank. The bank advises its customers to use the facilities of UCO Bank Net-banking and UCO Bank Mobile Banking and unless strictly necessary, not to visit the bank.
On weekdays and Saturdays, NEFT transactions are accepted from 8:00 AM to 6:30 PM. Although for 365 days, these facilities are accessible 24*7 online. All banks are instructed by the RBI not to enforce any service charges on the online transfer of funds through NEFT. On weekdays and working Saturdays from 8:00 AM to 4:30 PM, UCO Bank operates scheduled periods for RTGS transactions.
Bank customers and non-account holders can visit the bank during the working hours on weekdays and on the 1st, 3rd and 5th of Saturday of the month. On the 2nd, 4th, Saturdays, Sundays, and public holidays, do not visit the bank as the bank is closed on these days.
A formal schedule for its employees throughout business hours is not accepted by UCO Bank. To ensure the facilities of the bank are not disrupted, employees take their lunch hour in batches. This does not apply to all branches and during the working period, some branches may accept a regular lunch break.
UCO Bank enables its customers to use its locker facility only during the working time of the bank. The bank has not given additional time to its customers to manage its locker facilities. By visiting the bank only during its business hours, customers who wish to apply for locker facilities can request for it.
UCO (United Commercial Bank) is a trusted Indian commercial bank associated with the government. UCO Bank was established in Kolkata in 1943 and now has subsidiaries all over India. If you are a UCO bank account holder, you probably know how to get account information with only one missed call. UCO bank launched net banking and its supporting users in full swing. You do not need to visit your bank branch to start a net banking facility, visit the official UCO bank website and register with all details there. Let me inform you now though, how you can transfer cash from your account to another UCO bank account. There are a few quick steps and your money will be transferred immediately. Read the instructions below:
For ease of fund transfer using RTGS or NEFT, all the banks in India provide net banking facilities. In this way, a simple transfer of the funds can be rendered to the account of the beneficiary. All banks provide two forms of facilities to transfer the funds very easily from one account to another one and those are Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). RTGS is preferably used to transfer high amounts i.e. 2 lakhs and above where the transactions are settled on a real-time basis and also the funds are processed immediately when the RTGS request is issued, as the transfers are individually settled here. However, there is no minimum or upper cap on the funds to be transferred in the case of the NEFT. For lower to medium range transactions, it is favoured. NEFT is an electronic platform to transfer funds that works on the basis of a Deferred Net Settlement (DNS) that settles transactions on a batch wise procedure. In DNS, the settlement takes place before the specific cut-off period for all transactions received. This is why in NEFT, the funds are not instantly transferred but take a few hours to transfer them.
Key benefits of fund transfer through RTGS
Points to consider while transferring funds through RTGS
UCO Bank is a private bank that is served internationally by the Indian government. The UCO bank was founded in Kolkata, India, on 6 January 1943 by G.D.Birla. But on 19 July 1969, it was nationalised. In India and even outside India, the bank has spread between 4,000+ branches and 49 zonal offices. Different products are offered by the UCO bank, namely consumer banking, corporate banking, finance and insurance, wealth management, mortgage lending, private banking, and wealth management. UCO Bank, like other banks, also has its Internet banking service, which is accessible on all 365 days 24 hours a day from anywhere. You do not need to bother about visiting the bank to check your bank status or make any transactions by using Indian Bank Net Banking. All these can be done conveniently with just one tap at your residence. But you only need to enroll and enable your UCO Bank Net Banking account and get a user ID and password (and you need to be an account holder at UCO Bank) to do all this, therefore if you want to get updates on how to enroll and enable UCO Bank Net Banking to receive a user ID and password, follow the instructions below.
Let's check the status of your net banking activation process after waiting for two working days, and for this visit the UCO bank E-banking website.