Last Updated on July 23, 2021 by Amit
How do you transfer funds from your uco ebanking account to other bank accounts?
In this post I will explain how you can send money from your UCO ebanking/netbanking account to other accounts . In a previous post on this site I posted a short tutorial about setting up obline ebanking account. If you haven’t signed up for uco ebanking and want to learn how to regester for UCO online banking , you can read the post on this link and start from there.
Transfer funds using ebanking/netbanking of UCO bank
There was a time when we had to wait in a long queue in bank but now banking system has changed alot. Thanks to the Internet. Nowadays almost everyone is connected to the web through the internet . And every bank has implemented online banking platform for customers where they can manage their bank accounts online.
Uco bank provides an easy and convenient way for its customers to transfer money online through ebanking . You can quickly transfer any amount using UCO ebanking without even paying transaction charges. To transfer money from your account to other UCO bank or a different Bank account, first of all, you need to add a beneficiary/payee on your ebanking account. Payee is the person to whom you can transfer funds. Payee is added using Account Number and IFSC code of the person to whom you send funds. It takes about 1 to 2 hours for the payee to be activated on your account
and once its activated you can send funds to that account using two available methods NEFT and RTGT (instant transfer mode) on UCO ebanking.
Steps to transfer funds using UCO ebanking
The following are the steps you will need to follow in order to perform an online transaction on your account.
- Login to your ebanking “personal” account on ucoebanking.com
- You will see the following screen after successful login .
Press the fund transfer link which is located in header menu of your account hompage
- Select the fund transfer method . Click on “NEFT RTGS IMPS” mode :
- On the next page , select “make an IMPS payment” . On this page you can also add beneficiary/Payee account. if the person you are going to send funds isnt in your payee list add that first.
- The next page will show you a list of payees you have added, press the “make payment” link next to the payee name to make payment to that particular person :
- The last step : Now you will see a payment form where you can add amount and your other informations . Fill up the form with all required fields and press IMPS transfer button located at the bottom of payment form.
Bank will then send an OTP your mobile number to validate the transaction. Add the OTP to complete the transaction. Thats it!!
Once the payment process completes from your end You will then instantly get a message in your account informing you of the transaction and the payee’s account gets credited within few seconds.
Some frequently asked questions
Does UCO bank charge you for online fund transfer?
No, you won’t be charged. Unlike other banks, UCO bank provides transaction-free online banking which means only the amount you chose to transfer will be debited from your account.
What is the minimum amount I can transfer?
You can send any amount between Rs 1 to 50000 par day. There is no limit on how many transactions you make in a single day but you can not hit the 50000 per day limit.
What if my account gets debited but the amount doesn’t reach the payee’s account. ?
This happens only when the bank’s server is down. You can wait a few hours if it still doesn’t get credited then contact UCO bank customer care over the phone or email. They will check your panding transaction and move that from panding queue .
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