Union Bank of India RTGS Form

There are two ways to avail Union Bank of India RTGS service

1. Online that is using Union Bank of India mobile and internet banking services

Following are the details required to fill online form

• Name and account number of the beneficiary
• IFSC Code (Indian Financial System Code) of the beneficiary Bank/Branch
• For online mode select RTGS as fund transfer type

2. Offline by visiting a bank branch and filling UBI RTGS Form

Following are the details required to fill the offline form

• Name and account number of the beneficiary
• IFSC Code (Indian Financial System Code) of the beneficiary Bank/Branch
• Bulk upload service is available at bank branches for corporate customers

• It is a fast and secure way of transferring funds in India under inter bank money transfer
• The remitter need not send the physical cheque or demand draft to the beneficiary
• Real time fund transfer system

Minimum amount to be remitted through Union Bank of India RTGS is Rs.2 lakh and there is no upper limit for RTGS transactions as it is meant for high value transactions.

From December 2020, RTGS service for fund transfer will be available 24x7x365 i.e. round-the-clock basis. This change has been made by the RBI to boost the adoption of digital payments.

To know more about Union Bank of India Timings, click here.

The Reserve Bank of India has asked all the banks to stop levying charges on RTGS and NEFT transactions initiated online via internet banking and/or mobile banking. Besides that, nominal charges shall be levied on RTGS and NEFT transactions initiated at the bank.