Fund Transfer

UCO Bank provides following options to its customers to transfer fund through Internet Banking

Transfer Limit in various payment mode
Types Of Payment Retail Limit Corporate Limit
Max Per Transaction Limits (Rs.) Max Transaction Limits Per day (Rs.) Max Per Transaction Limits (Rs.) Max Transaction Limits Per day (Rs.)
NEFT / RTGS 15,00,000/- 20,00,000/- 50,00,000/- 100,00,000/-
Third-party within UCO Bank (Beneficiary added) 15,00,000/- 20,00,000/- 50,00,000/- 100,00,000/-
*IMPS (Beneficiary added) 5,00,000/- 5,00,000/- 5,00,000/- 5,00,000/-
Self-Linked account transfer 15,00,000/- 20,00,000/- 50,00,000/- 50,00,000/-
**Bill Payment (Payment Gateway) 10,00,000/- 15,00,000/- 25,00,000/- 50,00,000/-
**Bill Payment (BBPS) 10,00,000/- 15,00,000/- 25,00,000/- 50,00,000/-
Quick Transfer(Without Adding Beneficiary) 50,000/- 50,000/- 50,000/- 50,000/-
Bulk Payment through file upload NA NA 2,00,00,000/- 2,00,00,000/-
Tax Payment No Limit No Limit No Limit No Limit
***FD Opening and Fund Transfer No Limit No Limit No Limit No Limit

1. *Limit for IMPS is as per the NPCI guidelines.

2. **Bill payment from CC accounts through Internet Banking: Monthly limit for bill payment is 10% of drawing power within overall limit of the Internet Banking. Further, details about limit for bill payment will be as per guidelines issued in circular no CHO/DIT/BPR&BTD/05/2021-22 dated 06.07.2021 and CHO/DIT/BPR&BTD/11/2021-22 dated 13.09.2021 however there is no such restriction for Bill payment other than CC A/c.

3. ***Upper and lower limit for FD will be applicable as per scheme selected by customer.

4. For Tax payments, there shall be no limit and customer can pay tax as per the amount available in their account.

5.For newly registered customers in Internet Banking, fund transfer limits is capped to Rs.10,000.00 upto 24 hrs. from registration.

6.Cooling period for newly added beneficiary has been reduced from 4 hrs. to 2 hrs.

7.In case of necessity for increase in the above limits for a specified period, request should be made by the customer through the concern Branch. Higher transaction limits will be provided by Head Office Internet Banking Cell once the request is received from the concern Branch and recommended by respective Zonal Head of the Zone on annexure-I and annexure-II forms.




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