UCO Bank is one of India’s oldest and most trusted public sector banks, widely recognized for its secure and innovative banking services. Among its popular digital features, NEFT (National Electronic Funds Transfer) is a reliable and widely used method to transfer money across accounts in India.
In this article, we will explain UCO Bank NEFT charges, timings, transaction limits, and how to transfer money step‑by‑step in a simple and easy‑to‑understand format.
What Is NEFT in UCO Bank?
NEFT is an electronic funds transfer system regulated by the Reserve Bank of India (RBI). It allows customers to send money from one bank account to another across India, whether the accounts are in the same bank or different banks.
NEFT processes transactions in half‑hourly batches, and the funds are usually credited within 30 minutes to a few hours, depending on the batch timing and processing schedule. (uco.bank.in)
UCO Bank NEFT Charges
NEFT charges at UCO Bank depend on whether the transaction is done online or through a bank branch.
Online NEFT Charges
- Internet Banking (UCO eBanking): Free
- Mobile Banking (UCO mBanking): Free
UCO Bank offers zero NEFT charges for online transactions, which encourages customers to use digital channels.
Branch NEFT Charges
If you initiate NEFT at a UCO Bank branch, nominal charges may apply:
| Transaction Amount | Branch Charges (Approx.) |
| Up to ₹10,000 | ₹2.50 + GST |
| ₹10,001 – ₹1 lakh | ₹5 + GST |
| ₹1 lakh – ₹2 lakh | ₹15 + GST |
| Above ₹2 lakh | ₹25 + GST |
These charges are applicable only when funds are transferred via a bank branch counter. Digital transfers through internet or mobile banking are free.
UCO Bank NEFT Timings
Online NEFT
- 24×7 Availability, including Sundays and Bank Holidays
- With the RBI enabling round‑the‑clock fund transfers, UCO Bank customers can initiate NEFT anytime through online banking or mobile banking.
Branch NEFT
- During Standard Banking Hours
- Monday to Friday: 10:00 AM – 4:00 PM (approx.)
- Saturday: 10:00 AM – 1:00 PM (varies by branch)
NEFT works in multiple settlement batches throughout the day, so the credited time depends on when the transaction was initiated relative to the batch cycles.
UCO Bank NEFT Transaction Limits
NEFT does not have a fixed RBI‑mandated minimum or maximum limit, but UCO Bank may apply internal limits depending on the channel used:
| Mode | Minimum Amount | Approx. Maximum Limit |
| Internet Banking | ₹1 | ₹10,00,000 per day (approx.) |
| Mobile Banking | ₹1 | ₹2–5 lakh per day (varies) |
| Branch Transfer | ₹1 | No fixed limit (higher possible) |
| Walk‑in Cash Transfer | — | ₹50,000 per transaction |
NEFT has no strict upper limit by RBI, but banks often set daily or per‑file limits for security and regulatory reasons.
How To Transfer Money via NEFT in UCO Bank
Here’s a simple step‑by‑step guide to transferring money using NEFT in UCO Bank:
Step 1: Log In
Visit the UCO Bank official website and login to your Internet Banking (UCO eBanking) or open the UCO Bank Mobile App.
Step 2: Add Beneficiary
Go to Funds Transfer → Add Beneficiary and enter:
- Beneficiary Name
- Bank Account Number
- IFSC Code (UCO Bank IFSC begins with “UCBA0…”)
Submit these details and wait for beneficiary verification (may take a short time).
Step 3: Initiate NEFT
Once the beneficiary is activated:
- Select the beneficiary
- Enter the amount to transfer
- Choose NEFT as the transfer mode
- Confirm details
Step 4: Authenticate
You will receive an OTP (One‑Time Password) or request for transaction PIN. Enter it to complete the transfer.
Step 5: Confirmation
After successful transfer, save or download the UTR (Unique Transaction Reference) number for future tracking.
Key Benefits of UCO Bank NEFT
- Free online transfers
- Available 24×7 through Internet and Mobile Banking
- Safe, secure, and RBI‑regulated
- Suitable for both small and large payments
- Widely accepted across all banks in India
Important Tips for Users
- Double‑check the IFSC code and account number before initiating a transfer.
- Add beneficiaries well in advance to avoid delays.
- If funds don’t arrive within the expected time, check with customer care or branch support.
- Failed transactions are usually auto‑reversed within 1–2 working days.
Conclusion
UCO Bank’s NEFT service is a secure, user‑friendly, and cost‑effective method for transferring funds across India. With zero charges for online transfers, flexible limits, and round‑the‑clock availability, it is perfect for both personal and business banking needs.
To save time and avoid branch charges, customers are advised to use internet banking or mobile app services for NEFT transfers.
