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Revision of Fund Transfer Limit For E-Banking

The document summarizes UCO Bank's revision of fund transfer limits for retail and corporate eBanking customers. [END SUMMARY]

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Vaibhav Gupta
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82 views2 pages

Revision of Fund Transfer Limit For E-Banking

The document summarizes UCO Bank's revision of fund transfer limits for retail and corporate eBanking customers. [END SUMMARY]

Uploaded by

Vaibhav Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UCO BANK

WTPT 3FTV wgRT wn" G0 Honours Your Trust

Head Office
CRN
BPR & Business Transaction Department
3 & 4 DD Biock, Sector 1, Salt Lake
2019-20
Koikata- 700064

Circular No.: CHO/BPR & BTD/0^/ 2019-20 Dated: 03.10.2019

To All Branches / Offices in India

Sub:Revision of Fund transfer limit for E-Bankinq

GIST

Transaction limit for retail and corporate eBanking customers was last set during the
year 2016. Since then lot of changes have been made in UCO Bank eBanking
services. After the demonetization and promotion of digital payment mode by
Govt. of India, there has been significant increase in eBanking transactions and
user base.

In the last 2 years requirement/expectation of the customers In this regards has also
changed in respect of online payment. Department is receiving the request for
enhancement of e-banking transaction limit on regular basis, Looking Into requirements
from field level. Bank has revised eBanking transaction Limit for Retail as well as
Corporate customers.

Retail Customer Corp Customer


Service Existing Limit Revised Limit Existing Limit Revised Limit

Type PerTxn. Per Day Perlxri. Per Day Per Txn. Per Day PerTxn. Per Day

NEFT RTGS 5 lacs 5 lacs 15 lacs 15 lacs 25 lacs 25 lacs 25 lacs 50 lacs

Own Account 5 iocs 5 lacs 15 lacs 15 lacs 5 lacs 25 lacs 10 lacs 50 lacs

Third Party 5 iocs 5 lacs 15 lacs 15 lacs 5 lacs 25 lacs 10 lacs 50 lacs

Bill Payment 2 Iocs 2 lacs 10 lacs 10 lacs 5 lacs 5 lacs 20 lacs 20 lacs

# For Tax payments, there shall be no limit and customer con pay tax as per the
amount available in their account. Such payment shall not be accounted while
calculating calendar month limit.

In cose of necessity for increase in the above limits for a specified period, request
should be mode by the user through the concernbranch which will be considered at
1 I Page
the sole discretion of the Bank. Based on the business requirements, higher transaction
limits will be approved by the Competent Authority at Head Office on
recommendation of Zonal Head/ Deputy Zonal Head. Such request must be initiated by
Branch, through Zonal Head / Deputy Zonal Head to Head Office. On receipt of such
requests. High transaction limit may be allow as per business requirement.

Btoc*

General Mona
(DIT, BPR & BTD

"s._

2 I Page

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