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Remittance Facility

NEFT : NEFT is an Information Technology enabled remittance service through which the customers of our Bank will be able to transfer funds from their account with Utkal Grameen Bank to an account with any other Commercial Bank or RRB in India, which have implemented the NEFT System. Similarly, they will also be able to receive funds into an account with any Branch of Utkal Grameen Bank, from an account with any other Bank, which have the NEFT system in place.

  • There is no minimum or maximum amount that can be remitted by NEFT.
  • The rate of commission to be charged are as follows :
    For Outward NEFT remittances :
  • For remittances upto 1 lac – Rs.5/- (Plus Service Tax)
    For remittances above 1 lac upto 2 lac -Rs.15/- (plus Service Tax)
    For remittances above 2 lac -Rs.25/- (plus Service Tax).
Other Services
Bank Guarantee
  • We issue Bank Guarantee u/s 126 of the Indian Contract Act’ 1873.
  • Usually financial guarantee in lieu of earnest money or security money for principal debtor’s participation in tenders, claim of excise, custom duty etc. is issued.
  • Usually Bank issues Bank Guarantee for a maximum period of 12 months. However, in exceptional cases Bank Guarantee is issued for a period beyond 12 months depending upon the past records of the applicant.
  • a) Upto Rs. 5.00 crore – commission is realized @ 2.75% p.a. + Rs. 250.00 as handling charge b) Portion above Rs. 5.00 crore commission is realized @ 2.50 % p.a. + Rs. 250.00 as handling charge (minimum guarantee Commission - Rs. 400.00) c) For Bank Guarantee with 100% cash margin commission is 25% of the applicable charge.
  • For Guarantee less than one year minimum commission for one year is taken.
  • If the Guarantee is tendered for cancellation before the date of expiry, an amount computed at half the original rate for the unexpired period (less than 3 months grace period) is refunded.
  • No commission is refundable if Guarantee is released after fulfillment of its conditions in a period shorter than that covered by guarantee.
Locker Facility in 33 Branches : :
  1. TITILAGARH
  2. BARPALI
  3. PADAMPUR
  4. BARAGARH
  5. SAKHIPADA
  6. PATNAGARH
  7. BINKA
  8. BASANTI COLONY, ROURKELA
  9. SUNDARGARH
  10. ATTABIRA
  11. DHANAPALI
  12. SAKHIPADA
  13. KORAPUT
  14. RAYAGADA
  15. MUKHIGUDA
  16. KHARIAR
  17. RAIKIA
  18. EVENING BRANCH-BOLANGIR
  19. GATE BAZAR, BERHAMPUR
  20. OLD TOWN BAZAR( S.N.T.ROAD) BERHAMPUR
  21. COUTPETA ,BERHAMPUR
  22. GANDHINAGAR ,BERHAMPUR
  23. BIG BAZAR ,BERHAMPUR
  24. ASKA
  25. CHHATRAPUR
  26. NEELAKANTHA NAGAR , BERHAMPUR
  27. KHODASINGH, BERHAMPUR
  28. HARIDAKHANDI
  29. ANKULI, BERHAMPUR
  30. BHANJANAGAR
  31. BHANJANAGAR(EVENING)
  32. SORADA
  33. BALIPADAR
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