Nagar Urban Co Operative Bank IFSC code & MICR code

1. Bank name
2. Relevant branch of the bank
3. The location of the branch, i.e., state and the district

Upon providing these details, you will get the IFSC code of the Nagar Urban Co-Operative Bank branch you are looking for. You can also find information on the branch address, contact details, MICR code, branch code, etc. on the results page.

How to Transfer Money using Nagar Urban Co-Operative Bank NEFT and RTGS?

National Electronic Funds Transfer (NEFT):

Nagar Urban Co-Operative Bank customers can transfer any amount of money via NEFT mode to a recipient account in another bank. In order to avail this service, the customer has to provide the details of the recipient such as his/her name and account number as well as the name and IFSC code of the recipient bank branch. National Electronic Funds Transfer is an electronic fund transfer system that works on a DNS (Deferred Net Settlement) basis that settles remittances in batches. In this process, the settlement is done once all transactions are received by the cut-off time. In NEFT, such transactions are settled together and in RTGS the remittances are individually settled. At present NEFT transactions in Nagar Urban Co-Operative Bank Limited works in hourly batches, from 8 am to 7 pm from Monday to Friday and on Saturdays from 8 am to 1 pm.

The charges on NEFT transactions are:

1. No Charge on inward remittances.
2. Outward transactions are charged as follows -
   1. For each transaction ranging from Rs. 1 to Rs. 10,000/-, the fee levied is Rs 2.5/-.
   2. For each transaction ranging from Rs. 10.001 to Rs. 1 lakh, the fee levied is Rs. 5.
   3. For each transaction ranging from Rs. 1 lakh to Rs. 2 lakh, the fee levied is Rs. 15.
3. For each transaction ranging from Rs. 1 to Rs. 10,000/-, the fee levied is Rs 2.5/-.
4. For each transaction ranging from Rs. 10.001 to Rs. 1 lakh, the fee levied is Rs. 5.
5. For each transaction ranging from Rs. 1 lakh to Rs. 2 lakh, the fee levied is Rs. 15.

Real Time Gross Settlement System (RTGS):

If you wish to send a large sum of money to a beneficiary instantly, 'Real Time Gross Settlement' aka RTGS is the best mode of transfer. These remittances are made in real time and will not have any waiting period. Thus, transferring money through RTGS is a simple and quick process. The charges levied on RTGS money transfers are as follows:

1. For each transaction ranging from Rs 2 lakh to Rs 5 lakh, the fee levied is Rs. 25 which is inclusive of taxes.
2. For each transaction worth more than Above Rs 5 lakh, the fee levied is not more than Rs. 50. This is inclusive of applicable taxes.

Fund transfer requests made through the mode of RTGS can be done in the following timings - 9am to 3.00pm on weekdays and on Saturdays from 9am to 12.30 pm. On Sundays and during bank holidays RTGS transactions are not available.

Individuals have to provide the following details to before transferring funds through NEFT/RTGS:

1. The funds to be remitted
2. The account number of the recipient
3. Recipient bank and branch name
4. Recipient customer’s name as given in his/her bank account
5. Remitter to recipient information, if any
6. Recipient bank branch’s IFSC code

About Nagar Urban Co-Operative Bank:

Nagar Urban Bank is a Scheduled Co-operative Bank located in Maharashtra, India. It has a total of 48 branches and makes a net profit of Rs. 8.10 crores. This bank offers various deposit schemes, loan schemes and other financial services to its customers. The Bank also offers NEFT and RTGS services. For a NEFT Transaction the timings are 8 am to 7 pm from Monday to Friday and on Saturdays, the NEFT transaction timings are from 8 am to 1 pm.