UCO Bank NEFT Charges

Individuals, businesses, and corporations with accounts at a bank branch can use NEFT to transfer payments. Even those without a bank account (walk-in clients) can deposit cash at NEFT-enabled branches with instructions to transfer funds via NEFT.

Such cash remittances, however, shall be limited to a maximum of Rs.50,000/- per transaction. Such clients must provide complete information, such as their full address, phone number, and so on. Thus, NEFT allows originators or remitters to initiate funds transfer transactions even if they do not have a bank account.

Customers who have Savings/Current Accounts at the branch.

Customers can be walked for less than Rs. 50,000.

• UCO Bank NEFT is available 24 hours a day, 365 days a year.
• Once confirmed, transactions are promptly deducted from the source account and processed. For the transactions initiated before the cut-off time, they will be handled on the same day.
• All transactions initiated outside of NEFT hours or on NEFT holidays will be handled (for onward transfer to the beneficiary bank) on the following working day. Please check that you have enough funds in your account to complete the transaction. Please verify the status of your prior transaction if you are retrying.
• Please keep in mind that once the amount has been debited and processed by UCO Bank, the credit into the beneficiary account is entirely dependent on the destination bank.

1. The RBI facilitates both RTGS (Real Time Gross Settlement) and NEFT (National Electronic Fund Transfer) for online financial transfers between member banks.
   
   
2. According to RBI norms, RTGS (Real Time Gross Settlement) is only available for transactions of Rs.2,00,000/- and above as of November 15, 2010. NEFT should be utilized for any transaction less than Rs.2,00,000/-

• UCO Bank NEFT is open to all - This online facility is available to all Net banking (current and new) users.
• Customers can utilize UCO Bank NEFT at any time and from any location. It is simple and straightforward to use - from home or workplace at any time and from any location, it saves time and effort.
• UCO Bank NEFT Facility is simple, convenient, rapid, and secure - Users can transfer payments to other banks' beneficiaries in a simple, convenient, and seamless manner. Transferring funds to other banks is now faster, safer, and more secure.
• Get more for less - The UCO Bank NEFT is less expensive than traditional ways of remittance like DD/MT.

There are two methods to make NEFT payments, and they are-

You can also send money via NEFT using your UCO Bank Internet Banking Service. To use Internet Banking, you must first connect to the UCO Bank website and then add a new Beneficiary before you can make a payment using NEFT.

All UCO Bank customers (Internet Banking) have complete transaction rights to online NEFT. If you want to use the UCO Bank NEFT facility, please download the application form or visit your nearest UCO Bank bank and return the completed form to your home branch.

If you are already a UCO Bank Connect customer with "view right" and want to upgrade to full transaction right, please resubmit your application form to your base branch.

If you want to make NEFT via offline mode, i.e., from a bank branch, you must go to your nearest UCO Bank Branch and request an NEFT Form or Slip, fill out all the required information on the NEFT Form, and submit it to the cashier. Your bank will then send payment to another person within two working hours.