Welcome to Nagar Urban Co-operative Bank, Ahmednagar

News & Updates

RTGS/NEFT

Br. Code Bank Name IFSC MICR CODE Branch District State Address Contact
99 Nagar Urban Co-op. Bank ltd NUCB0000001 - HEAD OFFICE Ahmednagar Maharashtra CENTRAL
BANK ROAD
POST
BOX NUMBER 7,
AHMEDNAGAR,
AHMEDNAGAR
0241-2343642
1 Nagar Urban Co-op. Bank ltd NUCB0000101 422729201 SANGAMNER Ahmednagar Maharashtra BAZAR PETH,
SANGAMNER,
AHMEDNAGAR
02425-225385
2 Nagar Urban Co-op. Bank ltd NUCB0000102 413729301 SHRIRAMPUR Ahmednagar Maharashtra SHIVAJI CROSS
ROAD,
SHRIRAMPUR,
AHMEDNAGAR
02422-222254
3 Nagar Urban Co-op. Bank ltd NUCB0000103 414729501 VAMBORI Ahmednagar Maharashtra BAZAR PETH,
RAHURI,
AHMEDNAGAR
02426-272522
4 Nagar Urban Co-op. Bank ltd NUCB0000104 414729502 SHRIGONDA Ahmednagar Maharashtra BAZAR PETH,
SHRIGONDA,
AHMEDNAGAR
02487-222326
5 Nagar Urban Co-op. Bank ltd NUCB0000105 414729503 SHEVGAON Ahmednagar Maharashtra BAZAR PETH,
SHEVGAON,
AHMEDNAGAR
02429-222255
6 Nagar Urban Co-op. Bank ltd NUCB0000106 413729501 BELAPUR TOWN Ahmednagar Maharashtra BAZAR PETH,
SHRIRAMPUR,
AHMEDNAGAR
02422-243421
7 Nagar Urban Co-op. Bank ltd NUCB0000107 414729504 PATHARDI Ahmednagar Maharashtra BAZAR PETH,
PATHARDI,
AHMEDNAGAR
02428-222334
8 Nagar Urban Co-op. Bank ltd NUCB0000108 414729505 NEWASA Ahmednagar Maharashtra BAZAR PETH,
NEWASA,
AHMEDNAGAR
02427-241238
9 Nagar Urban Co-op. Bank ltd NUCB0000109 414729506 JAMKHED Ahmednagar Maharashtra BAZAR PETH,
JAMKHED,
AHMEDNAGAR
02421-221028
10 Nagar Urban Co-op. Bank ltd NUCB0000110 414729507 MIRAJGAON Ahmednagar Maharashtra MAIN ROAD,
KARJAT,
AHMEDNAGAR
02489-263226
11 Nagar Urban Co-op. Bank ltd NUCB0000111 422729501 AKOLA Ahmednagar Maharashtra BAZAR PETH,
AKOLA,
AHMEDNAGAR
02424-221243
12 Nagar Urban Co-op. Bank ltd NUCB0000112 431729052 JALANA Jalana Maharashtra RAJENDRA PRASAD ROAD,
JALANA,
JALANA
02482-233241
13 Nagar Urban Co-op. Bank ltd NUCB0000113 440729352 PARALI VAIJNATH Beed Maharashtra LAXMI TOWER CHOWK,
AMBEJOGAI,
BEED
02446-222090
15 Nagar Urban Co-op. Bank ltd NUCB0000115 414729509 SONAI Ahmednagar Maharashtra BAZAR PETH,
NEWASA,
AHMEDNAGAR
02427-231332
16 Nagar Urban Co-op. Bank ltd NUCB0000116 422729502 ASHWI Ahmednagar Maharashtra BAZAR PETH,
SANGAMNER,
AHMEDNAGAR
02425-241150
17 Nagar Urban Co-op. Bank ltd NUCB0000117 414729003 SARJEPURA Ahmednagar Maharashtra SARJEPURA,
SARJEPURA,
AHMEDNAGAR
0241-2417818
18 Nagar Urban Co-op. Bank ltd NUCB0000118 423729501 RAHATA Ahmednagar Maharashtra NAGAR
MANMAD ROAD,
KOPARGAON,
AHMEDNAGAR
02423-242271
19 Nagar Urban Co-op. Bank ltd NUCB0000119 414729510 KUKANA Ahmednagar Maharashtra MAIN ROAD,
NEWASA,
AHMEDNAGAR
02427-221238
20 Nagar Urban Co-op. Bank ltd NUCB0000120 414729004 MARKET YARD Ahmednagar Maharashtra MARKET YARD,
AHMEDNAGAR,
AHMEDNAGAR
0241-2417819
21 Nagar Urban Co-op. Bank ltd NUCB0000121 414729007 CH.KARANJA Ahmednagar Maharashtra AHMEDNAGAR,
AHMEDNAGAR,
AHMEDNAGAR
0241-2417820
22 Nagar Urban Co-op. Bank ltd NUCB0000122 413729376 RAHURI Ahmednagar Maharashtra NAGAR
MANMAD ROAD,
RAHURI,
AHMEDNAGAR
02426-232293
23 Nagar Urban Co-op. Bank ltd NUCB0000123 414729511 KASHTI Ahmednagar Maharashtra MAIN ROAD,
SHRIGONDA,
AHMEDNAGAR
02487-231627
24 Nagar Urban Co-op. Bank ltd NUCB0000124 414729005 KEDGAON Ahmednagar Maharashtra NAGAR PUNE
ROAD,
AHMEDNAGAR,
AHMEDNAGAR
0241-2417821
25 Nagar Urban Co-op. Bank ltd NUCB0000125 414729508 BALAM TAKALI Ahmednagar Maharashtra MAIN ROAD,
SHEVGAON,
AHMEDNAGAR
02429-240027
26 Nagar Urban Co-op. Bank ltd NUCB0000126 414729512 KOLHAR BHAGWATIPUR Ahmednagar Maharashtra MAIN ROAD,
SHRIRAMPUR,
AHMEDNAGAR
02422-251688
27 Nagar Urban Co-op. Bank ltd NUCB0000127 414729513 PARNER Ahmednagar Maharashtra MAIN ROAD,
PARNER,
AHMEDNAGAR
02488-221408
28 Nagar Urban Co-op. Bank ltd NUCB0000128 414729006 SAVEDI Ahmednagar Maharashtra NAGAR MANMAD
ROAD,
AHMEDNAGAR,
AHMEDNAGAR
0241-2417822
29 Nagar Urban Co-op. Bank ltd NUCB0000129 414729515 KHARDA Ahmednagar Maharashtra BAZAR PETH,
JAMKHED,
AHMEDNAGAR
02421-240328
30 Nagar Urban Co-op. Bank ltd NUCB0000130 414729514 KARJAT Ahmednagar Maharashtra 820 BAZAR PETH,
KARJAT,
AHMEDNAGAR
02489-222908
31 Nagar Urban Co-op. Bank ltd NUCB0000131 414729516 SONGAON Ahmednagar Maharashtra BAZAR PETH,
RAHURI,
AHMEDNAGAR
02426-275015
33 Nagar Urban Co-op. Bank ltd NUCB0000133 411729002 Gultekadi (PUNE) Pune Maharashtra GULTEKDI MARKET YARD,
PUNE,
PUNE
020-24273691
34 Nagar Urban Co-op. Bank ltd NUCB0000134 414729002 MAIN BRANCH Ahmednagar Maharashtra CENTRAL
BANK ROAD,
AHMEDNAGAR,
AHMEDNAGAR
0241-2343641
35 Nagar Urban Co-op. Bank ltd NUCB0000135 411729501 SHIRUR Pune Maharashtra "RATAN NIWAS,
2349",
ADAT BAZAR,
SHIRUR"
PUNE
02138-224242
36 Nagar Urban Co-op. Bank ltd NUCB0000136 423729002 KOPARGAON Ahmednagar Maharashtra "1774,
DEVKAR NIWAS",
BHAGWAN
MAHAVIR PATH,
AHMEDNAGAR
02423-223003
37 Nagar Urban Co-op. Bank ltd NUCB0000137 411729003 SADASHIVPETH Pune Maharashtra "A WING ,
MANTRI VILLA",
"1138,
SADASHIV PETH"
PUNE
020-24488125
38 Nagar Urban Co-op. Bank ltd NUCB0000138 423729302 SHIRDI Ahmednagar Maharashtra SAI NAGARI
PATPUR-,"AVATHA
SANSTHA
PALKHI ROAD,
A/P SHIRDI"
AHMEDNAGAR
02423-255611
39 Nagar Urban Co-op. Bank ltd NUCB0000139 422729002 NASIK Nashik Maharashtra 1754,"MAIN ROAD"
"GOVARDHAN",
Nashik
0253-2232401
40 Nagar Urban Co-op. Bank ltd NUCB0000140 414729517 KARMALA Solapur Maharashtra "HOUSE NO 471,
NEAR SHANI LANE",
RAVIVAR PETH,
AHMEDNAGAR
02182-220072
41 Nagar Urban Co-op. Bank ltd NUCB0000141 431729002 AURANGABAD Aurangabad Maharashtra "2930/5,
VIRAJ COMPLEX",
OPP.ANJALI CINEMA,
AHMEDNAGAR
0240-2353112
42 Nagar Urban Co-op. Bank ltd NUCB0000142 411729004 CHAKAN Pune Maharashtra H.NO. 2382,
MAIN ROAD
OPP.
GRAMPANCHAYAT,
AHMEDNAGAR
02135-249074/75
43 Nagar Urban Co-op. Bank ltd NUCB0000143 411729005 CHANDANNAGAR Pune Maharashtra Azad Chowk,
Near Shivaji Putala Chandannagar,
Pune. Pune
020-20261902
44 Nagar Urban Co-op. Bank ltd NUCB0000144 411729006 PIMPARI CHINCHWAD Pune Maharashtra CTS No 790,
Saikar Plaza,
Annasaheb,
Saikar Chowk,
Behind Morya
Hospital,
Pimpari Chinchwad,
Pune.
020-27610230
45 Nagar Urban Co-op. Bank ltd NUCB0000145 414729519 TAKLI MANUR Ahmednagar Maharashtra Main Road,"
A/P Takli Manur,
Taluka Pathardi ,
AHMEDNAGAR
02428-231180
46 Nagar Urban Co-op. Bank ltd NUCB0000146 414729518 KADA Beed Maharashtra Kada Dhamangaon
Road,
"Bazarpeth
A/P Kada,
Taluka Ashti,
BEED
02441-239444
47 Nagar Urban Co-op. Bank ltd NUCB0000147 413729502 DAUND Pune Maharashtra "Shrikrushna
Complex,
CTS No 1981
1987
To 1993",
"Ward No. 2,
GandhiChowk,
Bazar Peth,
Pune
02117-262946
48 Nagar Urban Co-op. Bank ltd NUCB0000148 411729502 AALEPHATA Pune Maharashtra “Kakade
Plaza”,
HP
Petrol pump",
"Pune Nasik
Highway,
Aalephata,
Taluka Junnar,
Pune
02132-263118
49 Nagar Urban Co-op. Bank ltd NUCB0000149 422729503 SINNER Nashik Maharashtra “Adishakti”
Near Vithaleshwar
Mandir",
"Bazar Peth,
Shimpi Lane
Sinnar,
Nasik
02551-220387

 

'Real Time Gross Settlement', RTGS, is the fastest possible money transfer system through the banking channel. Because settlements are made in real time, transactions are not subject to any waiting periods. With RTGS, transferring money becomes an easier, faster process.

Is there a fee?

RTGS transactions are charged as below:

  • Rs 2 lakh to Rs 5 lakh - Rs. 25 (inclusive of taxes) per transaction.
  • Above Rs 5 lakh - Rs. 50 (inclusive of taxes) per transaction

Important Instructions

The Funds transfer request through RTGS mode can be made only from 9am to 3.00pm, from Monday to Friday and from 9am to 12.30 pm on Saturdays. There will be no RTGS transactions possible on Bank holidays and Sundays.

The money will reach the Beneficiary's Bank within the time stipulated by RBI.Contact Details of your RTGS related complaints

Mr. Rokade Satishkumar
Asst chief Manager
Nagar Urban co –op Bank Ltd.
Post Box No. 7 Bank Road
Ahmednagar 414 001
Phone: 0241 2417805/241780
6

What is RTGS Funds Transfer?
An inter-bank funds transfer system that makes transactions in 'real time' RTGS Timing at branches.

What are the benefits?

  • Speed – transfers in real-time
  • Faster settlement cycles – no more inter-bank or clearing house settlement issues
  • Wider boundaries – no geographical limitations within India

FAQs on RTGS system


What is RTGS System?
The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

How RTGS is different from National Electronics Funds Transfer System (NEFT)?
NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the settlement takes place with all transactions received till the particular cut-off time. These transactions are netted (payable and receivables) in NEFT whereas in RTGS the transactions are settled individually. For example, currently, NEFT operates in hourly batches. [There are twelve settlements from 8 am to 7 pm on week days and six settlements from 8 am to 1 pm on Saturdays.] Any transaction initiated after a designated settlement time would have to wait till the next designated settlement time contrary to this, in the RTGS transactions are processed continuously throughout the RTGS business hours.

Is there any minimum/maximum amount stipulation for RTGS transactions?
The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs. 2 lakh. There is no upper ceiling for RTGS transactions.

What is the time taken for effecting funds transfer from one account to another under RTGS?
Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary's account within two hours of receiving the funds transfer message.

Would the remitting customer receive an acknowledgement of money credited to the beneficiary's account?
The remitting bank receives a message from the Reserve Bank that money has been credited to the receiving bank. Based on this the remitting bank can advise the remitting customer through SMS that money has been credited to the receiving bank.

Would the remitting customer get back the money if it is not credited to the beneficiary's account? When?
Yes. Funds received by a RTGS member for the credit to a beneficiary customer's account, will be returned to the originating RTGS member within two hours of the receipt of the payment at the PI of the recipient bank or before the end of the RTGS business day, whichever is earlier, if it is not possible to credit the funds to the beneficiary customer's account for any reason e.g. account does not exist, account frozen, etc. Once the money is received back by the remitting bank, the original debit entry in the customer's account is reversed.

What about Processing Charges/Service Charges for RTGS transactions?
With a view to rationalize the service charges levied by banks for offering funds transfer through RTGS system, a broad framework has been mandated as under:

  • Inward transactions - Free, no charge to be levied.
  • Outward transactions -
  • Rs. 2 lakh to Rs. 5 lakh - not exceeding Rs. 30 per transaction
  • Above Rs. 5 lakh - not exceeding Rs. 55 per transaction.

What is the essential information that the remitting customer would have to furnish to a bank for the remittance to be effected?
The remitting customer has to furnish the following information to a bank for initiating a RTGS remittance :

  • Amount to be remitted
  • Remitting customer's account number which is to be debited
  • Name of the beneficiary bank and branch
  • Name of the beneficiary customer
  • Account number of the beneficiary customer
  • Sender to receiver information, if any
  • The IFSC number of the receiving branch

How would one know the IFSC code of the receiving branch?
The beneficiary customer can obtain the IFSC code from his bank branch. The IFSC code is also available on the cheque leaf. The list of IFSCs is also available on the RBI website (http://rbidocs.rbi.org.in/rdocs/RTGS/DOCs/RTGEB0112.xls). This code number and bank branch details can be communicated by the beneficiary to the remitting customer.

Do all bank branches in India provide RTGS service?
Yes. All the bank branches in India are RTGS enabled. Presently, there are more than 47 RTGS enabled bank branches.

Whom do I can contact, in case of non-credit or delay in credit to the beneficiary account?
Contact your bank/branch. If the issue is not resolved satisfactorily, complaint may be lodged to the Customer Service Department of RBI at -
The Chief General Manager,
Reserve Bank of India,
Customer Service Department,
1st Floor, Amar Building, Fort,
Mumbai - 400 001

How do I check the IFSC of the receiving branch?
Just ask your beneficiary to get the IFSC from his or her branch.

All e-monies National Electronic Funds Transfer
Can I use e-Monies NEFT for foreign remittances?

This is a service designed only for remitting Indian Rupees within India.

What is IFSC? How is it different from the MICR code?
IFSC stands for ‘Indian Financial System Code’. It is an 11 digit, alpha numeric code designed to identify bank branches in India. The MICR code uses 9 digits to identify bank branches.

Is the e-Monies NEFT system better than the existing RBI-EFT system?
E-Monies NEFT has no restrictions, because it’s based on a centralized network. That’s not the case for the RBI-EFT system.

What information is required to use the e-monies NEFT service?
To use this service, you should provide the beneficiary details (name and account number), and the name and IFSC of the beneficiary bank branch.

If the money is not credited to the beneficiary’s account while using the e-monies NEFT service, will I get it back?
Your funds will be returned to your account if they are not credited.

How does the e-monies NEFT service differ from RGTS and EFT?
E-Monies NEFT is an electronic payment system, used to transfer funds to any part of India. It works on ‘net settlement’, unlike RTGS that works on ‘gross settlement’.

What are the charges for the e-monies National Electronic Funds Transfer service?
NEFT transactions are charged as below:

  • Inward transactions - Free, no charge to be levied.
  • Outward transactions -
  • Rs. 1 to 10,000/- Rs 2.5/- per transaction
  • Rs. 10.001 to Rs. 1 lakh - not exceeding Rs. 5 per transaction
  • Rs. 1 lakh to Rs. 2 lakh - not exceeding Rs. 15 per transaction

DEMAT FACILITY:
Our Bank is a Member of Central Depository Services (India) Ltd Mumbai. The said depository provides prompt, secured, cost-effective and complete demat services. Ours is the only urban co-operative bank in Ahmednager District to provide Demat Facility. 8184 are account holder of this facility. It is a matter of satisfaction to note Bank provides prompt services to its customers. Bank has also resorted to Marketing Techniques to increase its business and gain the confidence of the customers. Income earned by way of fees charged to Demat Customers is Rs. 28.52 lacs (for the year 2013-2014).

REAL-TIME GROSS SETTLEMENT (RTGS) AND NATIONAL ELECTRONIC FUNDS TTRANSFER (NEFT) SCHEMES:
Our Bank is a party to Real- time Gross Settlement Scheme (RTGS) from the inception of the scheme. The scheme helps our customers to remit funds anywhere in the country swiftly and at a cheap rate. During the year under review (2013-2014) Bank has effected remittances amounting to Rs.1524.85 crores under these two schemes.

SEPARATE IFSC CODE ALLOTTED TO OUR BANK :
Our Bank has become a Multi State Scheduled Co-operative Bank. Our Bank has received required separate IFSC code. It has helped Head office and all the branches to remit funds by using RTGS scheme . It will also help beneficiaries to receive the amount of subsidies to the credit of their accounts. Last year , we put into effect our new slogan “ One Family, One Bank. ” We are now wedded to this slogan. The Board of Directors is happy to note that members of the Bank, depositors, account holders, borrowers, our well wishers, and members of their families are taking benefit of the various banking services and facilities made available by the Bank. The idea has clicked. In order to provide the facility of RTGS and NEFT, it was necessary to obtain IFSC code and obtain membership of INFINET. Accordingly, Bank preferred applications to RBI. The Board of Directors is happy to announce that the required IFSC code has since been allotted to our Bank (both to Head Office and to all the branches). Bank has also become a member of INFINET. We have since received permission from DPSS (Department of Payment and Settlement System) to put into effect above mentioned two schemes. The Board of directors humbly apples to all our customers to take benefit of these two modern remittances facilities.

INSURANCE BUSINESS:
Our Bank has entered into a tie-up arrangment with ICICI- LAMBARD and BIRLA SUN-LIFE INSURANCE COMPANY for insurance business. Bank has earned a commission of Rs. 20.52 lacs by transacting insurance business. The Board of Directors appeals to all the members and customers to take benefit of such para-banking facilities and extend due help to the Bank

Open A Demat Account Services
We are working as Depository Participant of CDSL. We have opened 8,200+ demat accounts and provide all types of demat services for our customers.

What Is Demat?
Demat Means Dematerialisation Of Shares.
i. e. t is the process by which your physical share certificates are converted to equivalent number of securities in electronic form and are credited to your Demat Account.

What Is Demat Account?
Demat Means Dematerialisation Of Shares.
Demat account is the account in which securities (shares/units/bonds etc.) are kept in electronic form and related transactions are performed through account.
Shares in demat are more safe as compare to physical or paper form, from risk of theft, loss in handling, bad delivery etc. It also reduces the transaction costs. It helps for easy & smooth working.
Documents Required For Opening An Account:
You will require just a PAN Card and Saving Account with Us. All demat services are available with us at competitive rates without any hidden cost. All Holder( if any) have to visit to our Bank at least at the time of demat account opening with original PAN card, original address proof and photocopies of PAN card and address proof of all holders.

Also Deals In
1) Account Opening Services.
2) Dematerialisation Services
3) Rematerialization Services
4) Execution Of Market/Off Market Share Transaction
5) Pledge & Unpledged
All existing Demat A/C Holders are requested to update their income details.
E-mail id: dmat@nucb.in
Phone No. (0241)-2326256

Sr.No. Particular Charges
1 Annual Maintenance

Corporate A/c.
270/- Per Annum
(Up Front Basis)
Rs. 1000/-
2 Account Opening Charges  Nil
3 Custody Charges Nil
4 Purchase Nil
5 Sale (Market, Off Market) 0.05% Minimum Rs.15/-
6 Dematerialisation Rs.3/- Per Certificate
(Minimum Rs.10/-) +Postage Rs.40/-
7 Rematerialisation  Rs.15/- Per Certificate
8 Pledge

Creation / Closure / Invoke

{Here In After both way Refers To}
0.015% (Both way)

Minimum Rs.25/-

Pledgor & Pledgee
9 Demit Rejection Charges Rs.25/-
10 Entry Rejection Charges Nil
11 Same Day Execution Nil
12 Additional Statement Rs.5/- Per Page
13 Instruction Slip Book Stop Payment Charges Rs. 25/-


Note: - All Charges are Non-refundable
Late/ Same Day Instructions are accepted at Client’s risk
Any Service not quoted above will be charged separately
Service Tax as Applicable would be Charged Extra
Fees scheduled is based on existing CDSL Charges and is subjected to change at
The sole discretion of Nagar Urban Co-Op Bank Ltd.
The B.O. unconditionally Authorize Nagar Urban Co-Op Bank Ltd. and has no
Objection in charging the Depository Service Bills to his/its under mentioned
Account_________________maintained with the Nagar Urban Co-Op Bank Ltd.
The information regarding Basic Services Demat Account (BSDA) is received
From Demat Cell Ahmednagar

 

 

Copyright © Nagar Urban Co-operative Bank Limited. All Rights Reserved.

Designed & Developed By : Xposure Infotech