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Introduction

UCO Bank Net banking is used mainly for transferring funds from one account to another within the same bank or any other bank. The funds are transferred mainly through any of the following modes,

  • NEFT
  • RTGS
  • IMPS

The default limit for transactions through net banking for retail and corporate customers is tabled below.

Online Banking Service

Retail Customers

Corporate customers

Limit per transaction

Limit per day

Limit per transaction

Limit per day

NEFT/RTGS

Rs. 15,00,000

Rs. 15,00,000

Rs.25,00,000

Rs.50,00,000

Transfer to own account

Rs. 15,00,000

Rs. 15,00,000

Rs. 10,00,000

Rs.50,00,000

Transfer to Third Party

Rs. 15,00,000

Rs. 15,00,000

Rs. 10,00,000

Rs.50,00,000

Transactions for bill payments

Rs. 10,00,000

Rs. 10,00,000

Rs. 20,00,000

Rs. 20,00,000

UCO Bank Net Banking Registration

Uco Bank Net Banking

UCO Bank offers net banking services where the customers can carry out the majority of the banking transactions from the comfort of their home. These services are offered to its retail as well as corporate customers. The bank also offers these services to accounts held by kids between the age of 10 years and 18 years.

Customers have to duly register with the net banking facility of the bank to avail the various facilities that are offered under net banking.

How to register for UCO Bank net banking?

The net banking services of the UCO Bank can be availed by all the customers of the bank that have at least one active savings account or current account or fixed deposit accounts or loan accounts. For this, the bank requires the customers to register for the net banking services. The registration process for net banking services can be availed through online or offline modes.

The offline registration mode requires the account holders to visit the nearest branch office of the bank and fill in the internet banking form. Account-holders can take the help of the executives at the bank for any assistance in filling and submitting the form if required by them. The account holder will have to submit basic KYC documents along with the application as per the discretion of the bank.

Account holder that has an active debit card can also register for an internet banking account through the online mode i.e. through the website of the bank.

The bank has specified the format required by each category of applicants for registering with the internet banking services of the bank. The details of the same are provided hereunder.

Category of customers

Mode of registration for internet banking

Retail customers

Online or offline mode

Kid customer (account holder being of the age 10 years to 18 years)

Online or offline mode

Corporate Customer 

Offline mode

Features of UCO Bank Net banking

The net banking services of the bank are widely used by customers in today’s day and age. The net banking services provide the benefit of carrying out multiple banking functions from the comfort of one’s home or from anywhere and at any time at their convenience. There are many features of the net banking services of the bank. Some of such features are mentioned below.

  • Net banking services of the bank can be used to get the mini account statement of the account holder.
  • The account holder can also use the net banking services to view all the accounts linked to the customer id.
  • Another use of net banking is to inquire about the balance held in the account at any point in time.
  • UCO Net banking can be used to make bill payments for various utilities or at any e-commerce websites.
  • One of the main features of the UCO Bank net banking is funds transfer to any account within the bank or any other bank. Funds transfer can be through any of the modes like NEFT/ RTGS/ IMPS.
  • Account-holders can also use the net banking services for opening various deposits like Recurring Deposits, Fixed Deposits. It can also be used to renew any deposits or to close any existing RD, FD, etc. or open any other services like PPF account, Atal Pension Yojana Registration, Online Sovereign Gold Bond, Form 15G/ 15H.
  • UCO Bank net banking can be used to make contributions to Prime Minister National Relief Fund
  • Another important use of net banking is to file income tax returns and to make timely income tax payments or view the direct tax or indirect tax payments made by the account holder.
  • Net banking facility can be used to open Demat accounts or apply for an IPO.

FAQs – UCO Bank Net banking

1. How can a person transfer funds through UCO Bank Netbanking?

A. The process to transfer funds through net banking is mentioned below.

  • The process starts with first registering the beneficiary account. The account holder has to select whether the beneficiary account is within the bank or a third party transfer.
  • The bank usually allows the beneficiary account to be active after an initial blocked period of 30 minutes. Post this period, the account holder is free to transfer the funds within the limit specified by the bank.
  • After that, the next step is to select the mode for transfer (NEFT/ RTGS/ IMPS)
  • After selecting the mode of transfer, the next step is to add the beneficiary details and confirm the same before proceeding further.
  • After adding the beneficiary details, the account holder will have to provide the OTP sent to the registered mobile number or email id of the account holder.
  • This will confirm the success of the transaction and the account holder will get the notification for the same in their email id as well as their registered mobile number.

2. Is UCO net banking secure?

A. Yes. UCO net banking is very secure as the account is encrypted and the username and password are generated at the time of registration. The account holder has to change the system generated password with a password of their own choice at the time of their first login to the net banking account.

3. Can net banking be used by all account holders?

A. Yes. The net banking facility of UCO Bank can be used by all retail and corporate customers except illiterate or insolvent persons.

4. Are there hidden charges for using the net banking facility of UCO Bank?

A. No. Net banking facility of UCO bank is free of cost without any hidden charges.

5. Can a person change the password multiple times?

A. Yes. The account holders can change the password to the net banking account multiple times without any limit. The bank also mandatorily requires the account holder to change the net banking password once in 365 days failing which it will be expired.

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