UCO Bank RTGS Charges, Timings, Limits & How to Transfer

UCO Bank is one of India’s trusted public sector banks, offering a full suite of banking services to individuals, businesses, and corporates. For sending high‑value funds quickly and securely, the bank provides the RTGS (Real Time Gross Settlement) facility — a reliable, RBI‑regulated system for immediate funds transfer. In this article, we’ll walk you through UCO Bank RTGS charges, timings, transaction limits, and the step‑by‑step process to transfer money.

What Is RTGS?

RTGS stands for Real Time Gross Settlement. It is an electronic payment system governed by the Reserve Bank of India (RBI) that allows high‑value transfers between bank accounts across India with instant settlement — meaning funds are transferred immediately once the transaction is authorized.

Unlike NEFT, which processes payments in batch cycles, RTGS settles transactions one‑by‑one in real time, making it ideal for urgent and large‑value transfers.

Most common uses of RTGS include:

• High‑value vendor or supplier payments
• Property or investment remittances
• Salary transfers for premium accounts
• Business and corporate payments

UCO Bank RTGS Charges

UCO Bank follows RBI guidelines and has a structured fee policy for RTGS — with digital channels often being free of charge.

Online RTGS Charges

• UCO Internet Banking: Free
• Mobile Banking App: Free

Customers initiating RTGS through internet banking or mobile banking enjoy zero charges. This makes online RTGS a cost‑effective option for transferring large amounts.

Branch RTGS Charges

If you choose to initiate RTGS at a bank branch counter, nominal charges apply based on the amount being transferred (charges exclusive of GST):

GST (Goods and Services Tax) will be added where applicable.

While branch charges are relatively modest, digital channels remain free, saving time and costs for customers.

RTGS Timings at UCO Bank

Online RTGS

Thanks to the RBI’s extended operating hours, UCO Bank allows 24×7 RTGS transactions through internet and mobile banking — including Sundays and bank holidays. This means you can transfer large amounts any time of the day or night without waiting for banking hours.

Branch RTGS

For RTGS initiated at a bank branch, services are available during normal banking hours:

• Monday to Friday: Typically 10:00 AM – 4:00 PM
• Saturday: Limited hours (varies by branch)

Once submitted at the branch, the actual settlement still happens immediately via RTGS.

UCO Bank RTGS Limits

RTGS is meant for high‑value transfers, and RBI specifies a minimum threshold:

What This Means

• Minimum Amount: As per RBI regulations, an RTGS transfer must be ₹2 lakh or more. Amounts lower than this cannot be processed via RTGS.
• Maximum Limit: There is no upper limit defined by RBI for RTGS, making it suitable for very large transfers. UCO Bank may set internal limits for online transfers depending on customer profile, but generally high amounts are supported.

This minimum threshold differentiates RTGS from NEFT and IMPS, which are used for lower value transfers.

How to Transfer Money via RTGS in UCO Bank

Here’s a step‑by‑step guide to help you make an RTGS transfer with UCO Bank:

Step 1 — Log In

• Visit the official UCO Bank website: https://uco.bank.in/
• Login to your Internet Banking account or open the Mobile Banking App.

Step 2 — Add Beneficiary

Navigate to Funds Transfer → Add Beneficiary/Manage Payee and enter:

• Beneficiary Name
• Account Number
• IFSC Code (UCO Bank IFSC begins with UCBA0…)
  Submit and save. Beneficiary activation may take a short time depending on security verification.

Step 3 — Initiate RTGS

Once the beneficiary is active:

1. Go to Funds Transfer → RTGS
2. Select the beneficiary
3. Enter the transfer amount (minimum ₹2 lakh)
4. Add remarks (optional)

Step 4 — Authenticate

You’ll receive an OTP (One‑Time Password) or be prompted for your transaction PIN. Enter it to authorize the transfer.

Step 5 — Confirm

After successful transfer, save or screenshot the UTR (Unique Transaction Reference) number — useful for tracking or future reference.

Benefits of Using RTGS with UCO Bank

• Real‑time settlement: Funds credited instantly
• Free online transfers: No charges via digital channels
• 24×7 availability: Including weekends and holidays
• Ideal for high‑value payments: No upper cap mandated by RBI
• Secure and regulated: Governed by RBI guidelines

Important Tips for Users

• Always verify the beneficiary account number and IFSC code before confirming the transfer.
• Add beneficiaries in advance to avoid delay.
• Use online channels for faster, secure, and free transactions.
• Keep your UTR number saved for tracking or reconciliation.

Conclusion

UCO Bank’s RTGS facility is a quick, secure, and cost‑effective solution for transferring large sums of money anywhere in India. With zero charges for online transactions, real‑time settlement, and 24×7 availability, it is ideal for both personal and business banking needs.

To enjoy the most seamless and economical experience, customers are encouraged to use internet or mobile banking when initiating RTGS — a simple and reliable way to transfer high‑value funds with confidence.