United Bank of India IFSC code & MICR code

How to Locate the IFSC and MICR Codes of United Bank?

1. As you would need the IFSC and MICR codes of the bank branch you are transferring money to, you need to know more than one ways to locate the same. The easiest way would be to find the IFSC code printed on your cheque book issued by your bank branch, at the time of a new account opening.
2. RBI’s site has a tab called ‘IFSC/MICR Codes’ located on its homepage, which gives you details of all branches of all banks participating in the NEFT/RTGS network.
3. BankBazaar is a third-party website with a lot of information on all banks that are enabled with electronic fund transfer. It is an easy to browse website where you can find a tab on the bottom left corner, named ‘Bank IFSC Code’. When you click on this tab, you will asked to enter the Bank name, State, District and Branch name of the bank. You can select your choices from drop-down menus or lists given below on the respective pages. IFSC code, MICR code, address and contact number of the bank’s branch is given on entering all details.

How to Transfer Money using NEFT and RTGS at United Bank of India?

By choosing to use NEFT and RTGS at United Bank of India, you can save yourself from all the trouble of transferring money physically. Under the patronage of RBI, United Bank of India offers you a safe and secure website for transferring your funds. Before initiating either NEFT or an RTGS transaction, you should have the following information: recipient’s name, account number, bank name, bank branch name, IFSC of the branch.

NEFT at United Bank of India

National Electronic Funds Transfer (NEFT) allows nationwide transfer of money from sender to destination account at any time. You can send funds to another person’s account or to a firm or a corporate organization. RBI uses a Deferred Net Settlement basis to process NEFT transactions at banks. This is a process where batch-wise clearance of transactions takes place. The timings are decided by RBI and it is on an hourly basis throughout NEFT business hours.

You can send funds using the NEFT channel from all NEFT enabled bank branches of the United Bank of India on all weekdays starting from 8AM to 7PM and from 8AM to 1PM on Saturdays. United Bank of India charges its customers for outward payments at the following rates:

1. For transactions worth up to Rs.10, 000, there is no charge.
2. For transactions worth between Rs.10, 000 to Rs.1 lakh, Rs.6 is charged.
3. For transactions worth between Rs.1 lakh to Rs.2 lakh, Rs.19 is charged.
4. For transactions going above Rs.2 lakh, Rs.30 is charged.

United Bank of India also allows walk-in customers to enjoy the NEFT facility to send funds to other accounts. They can deposit up to Rs.50, 000 in cash, which can be transferred electronically.

RTGS at United Bank of India

Real Time Gross Settlement is speedier than NEFT and is more continuous and real time. Using United Bank of India’s RTGS system, you can avail a quicker fund transfer to the desired beneficiary account, anywhere in the country at any time. There is no bunching, i.e. the instructions are not cleared in batches and hence are processed as and when there is an RTGS transaction request. Mainly preferred for transactions involving large amounts and the minimum amount that you can transfer using RTGS is Rs.2 lakh. However, there is no upper cap on RTGS transactions.

RTGS operating hours on weekdays are from 8AM to 4:30PM and 8AM to 2PM on Saturdays.

About United Bank of India (United Bank)

United Bank of India, formerly known as United Bank of India Ltd., was founded in 1950 and nationalized in 1969. United Bank started with 174 branches when it began and has reached a whopping 1999 number of branches and offices. United Bank is now a leading bank among the states of West Bengal, Assam, Tripura and Manipur. United Bank of India expanded its financial services to Eastern and North-eastern part of the country. With three fully equipped overseas branches in New Delhi, Kolkata and Mumbai, United Bank of India entered the league of fully computerized and equipped branches with electronic fund transfer systems across India.