UCO Bank IMPS Charges: Fees, Limits and Timing

UCO Bank IMPS Charges: Fees, Limits and Timing

UCO Bank charges a nominal fee for IMPS (Immediate Payment Service) transfers above Rs 1,000, and the service is available 24 hours a day, 7 days a week including holidays. Understanding the fee slab before initiating a transfer helps you plan and avoid surprises.

What Is IMPS?

IMPS is an interbank real-time fund transfer system operated by the National Payments Corporation of India (NPCI). Unlike NEFT, which runs on batches, IMPS credits the beneficiary account instantly at any time of day or night.

UCO Bank IMPS Charges (Current Slabs)

• Up to Rs 1,000: No charge (free)
• Rs 1,001 to Rs 1 lakh: Rs 5 plus GST
• Rs 1,00,001 to Rs 2 lakh: Rs 15 plus GST
• Above Rs 2 lakh up to Rs 5 lakh: Rs 25 plus GST

GST at 18% is applicable on the base fee. These charges are subject to periodic revision by the bank. Confirm the current slab on the UCO Bank official website or via the UCO mBanking+ app before transacting.

UCO Bank IMPS Transaction Limits

• Minimum: Re 1
• Maximum per transaction: Rs 5 lakh
• Daily limit: Rs 5 lakh (may vary based on channel and account type)

How to Transfer Money via IMPS Using UCO mBanking+

1. Open UCO mBanking+ and log in with your MPIN.
2. Select Fund Transfer and choose IMPS.
3. Enter the beneficiary’s account number and IFSC code, or use their registered mobile number and MMID.
4. Enter the transfer amount and add a remark if needed.
5. Review the details and confirm with your MPIN or biometric authentication.
6. The amount is credited to the beneficiary instantly. Save the transaction reference for your records.

IMPS vs NEFT vs RTGS at UCO Bank

• IMPS: Instant, 24×7, up to Rs 5 lakh, small fee applies
• NEFT: Batch-based, available all days, free for amounts up to Rs 10,000 online
• RTGS: Instant, available during banking hours, minimum Rs 2 lakh, higher charges

Key Takeaways

• IMPS at UCO Bank is free for transfers up to Rs 1,000; charges of Rs 5 to Rs 25 plus GST apply above that.
• The maximum per-transaction IMPS limit is Rs 5 lakh.
• IMPS works 24×7 including Sundays and bank holidays.
• Use UCO mBanking+ for quick IMPS transfers with MPIN or biometric authentication.

Frequently Asked Questions

Is IMPS free at UCO Bank?

IMPS is free only for transfers up to Rs 1,000. For amounts above Rs 1,000, charges range from Rs 5 to Rs 25 plus 18% GST depending on the transaction slab.

What is the maximum IMPS limit per day at UCO Bank?

The maximum IMPS transfer limit at UCO Bank is Rs 5 lakh per transaction and per day through standard channels. Higher limits may be available for specific account types.

Can I do IMPS at UCO Bank on a Sunday or public holiday?

Yes. IMPS is a real-time 24×7 service and is available every day of the year, including Sundays and public holidays. The transfer is credited to the beneficiary instantly.