UCO Bank IFSC code & MICR code

 Example of a UCO Bank IFSC Code

UCBA0000190 - IFSC Code for a UCO Bank branch in Kolkata, West Bengal. 

This code can be used for online fund transfers via NEFT, RTGS, and IMPS to any Bank of Baroda account. 

1. The first four letters, UCBA, represent the bank's name, i.e., UCO Bank. 

1. The fifth character, ‘0’, is reserved for future use. 

1. The last six characters, identify the specific UCO bank’s branch.

How to Transfer Money Using UCO Bank NEFT and RTGS Service?

Transferring money via NEFT and RTGS is one of the most convenient ways of making payments, for not only is it quick and convenient but also extremely secure. UCO bank enables its customers to carry out NEFT and RTGS payments not only at the branches but also online via net banking.

NEFT:

NEFT or National Electronic Funds Transfer is a nation-wide payment system which allows banks and its customers to electronically make payments to any other bank account which is also a part of the NEFT network. This facility operates on the Deferred Net Settlement (DNS) basis and is open not only the customers holding accounts with UCO bank but also for walk-in customers who do not have an account with the bank. However, though there is no limit on the minimum or maximum amount of an NEFT transaction, all cash based NEFT transactions carry an upper limit of Rs 50,000. Funds can be transferred to any bank account in India which is a part of the NEFT network. In order to transfer funds via NEFT, customers making cash based remittances must furnish details like complete address, contact number, bank account number, etc.

The service charges for NEFT transactions are as follows:

Timings

RTGS:

RTGS or Real Time Gross Settlement is another system of making online payments. Following are the charges applicable for RTGS transactions. RTGS transactions are done on an order to order basis, which means that the transaction process takes place as soon as the instructions are received, in real time. RTGS is especially ideal for making high monetary value payments wherein the minimum amount for a transaction is fixed at Rs 2 lakh. There is no upper limit on the transaction. In order to initiate an RTGS transaction, customers must furnish the following information.

1. Amount to be remitted
2. Sender's account number from which the amount is to be debited.
3. Name of the beneficiary.
4. Beneficiary's bank name.
5. Beneficiary's account number.
6. Sender to receiver information (if any).
7. IFSC code of the beneficiary's bank branch.

Charges applicable on RTGS transactions are as follows:

Timings

What is an IFSC Code?

In India, an IFSC (Indian Financial System Code) is a unique alphanumeric code assigned to each bank branch participating in the electronic fund transfer system. This eleven-character code is essential for uniquely identifying the bank branch during electronic transactions such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).