The real-time gross settlement (RTGS) system is meant for large-value instantaneous fund transfers, while the national electronic funds transfer (NEFT) system is used for fund transfers of up to Rs 2 lakh.

National Electronic Funds Transfer (NEFT) is a payment system that facilitates one-to-one funds transfer. Using NEFT, people can electronically transfer money from any bank branch to a person holding an account with any other bank branch, which is participating in the payment system. Fund transfers through the NEFT system do not occur in real-time basis and the fund transfer settles in 23 half-hourly batches.

Daily Deposit Agent(DDS)

Daily collection Deposit Scheme, this scheme will develop the saving habit of customers and will enable them to deposit money on daily basis from their home or business place itself to fulfill their future financial requirements.

If you can not save a certain amount at a one time. So you can save daily every small amount of money in our Daily Deposit Scheme. In this scheme you can save from minimum Rs 10 to more amount on daily basis through our appointed daily agents who are authorized to collect amount of daily deposit form your residence,business premises and he will make an entry in the passbook for the amount collected byhim from you. You have to check your passbook in every month in your branch.

Current, Saving and Recurring Account

A savings account is primarily designed for helping you in depositing your savings in a safe place. A Savings Bank Account holder earns interest on his/her deposit which ranges from 4 to 6%. You can open a Savings Account with a Banker individually or jointly. Most banks mandatorily require the holders to keep a minimum specified amount in his/her Account to keep it operational.

Current Accounts are suited for regular transactions. These are exclusively meant for those who conduct businesses and involved in the day to day transactions. They are mainly opened by business organizations like firms, LLPs, companies, sole proprietorship concerns, etc.

Recurring Deposit is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time.

STDR (Special Term Deposit Rates)

Special Term Deposit (STD) Account can be opened in the same way as the Term Deposit Account. The interest on the STD Account is compounded at quarterly intervals and principal and interest are paid on maturity.

In STDR, which is also known as non-cumulative FD, the interest component is paid out along with the principal amount at the time of maturity of the fixed deposit. The interest earned on STDR on every quarterly calculation is reinvested, which helps you to reap the benefits of compounding.

Pay Order, Draft and Bankers Cheque

A Banker’s cheque, also known as pay order or bank cheque, is drawn on a bank and provided to a party who may or may not be a customer of that bank.

Money is deposited beforehand, only then it can be issued. Also, the bank bears the sole responsibility of paying the party. It is signed by a bank officer and it is a must for the banker’s cheque to be valid. A banker’s cheque is valid for a maximum of six years from the date of issue.

CTS Clearing

Cheque Truncation System brings elegance to the whole activity of cheque processing & clearing and offers numerous benefits to banks like time and cost savings, cost effectiveness, including human resource rationalization, business process re-engineering and enhanced customer service.

Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing. Instead of this an electronic image of the cheque is transferred with vital essential data.

Locker (Safe Deposit Facility)

Locker facility is provided by the bank at its select branches. For obtaining a Locker at the Jamshedpur Urban Co-Operative Bank Ltd., you must be an account holder with our Bank.

When you need a secure place to store your valuables, look no further than Jamshedpur Urban Co-Operative Bank Ltd. With our locker facilities, you can now deposit items at your nearest bank branch and choose a locker from a variety of sizes based on your requirement, subject to availability. Our lockers are equipped with state-of-the-art burglar and fire alarm systems for maximum safety.


Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a pure term insurance plan. The plan offers life insurance coverage for one year. If the insured dies during the period of coverage, the sum assured is paid. The sum assured under the scheme is INR 2 lakhs and the premium is INR 330.

Pradhan Mantri Suraksha Bima Yojana is a personal accident insurance plan. This plan covers accidental death, permanent total disablement and permanent partial disablement. The policy runs for one year and can be renewed annually. The coverage amount for death and total disablement is INR 2 lakhs and for partial disablement, it is INR 1 lakh. The premium is INR 12.

Corporate Address: Tiwary Complex, Kashidih Chowk, Near Mansarovar Hotel, Sakchi, Jamshedpur-831001   |  Phone: 0657-2440211/2442751  |  Email: info@jucbl.com
Mango Branch: Old Purulia Road, Mango, Near Jishu Bhawan, 832110  |  Phone: +91-8235077733 , 8235077722