Union Bank of India RTGS form from UBI is utilized to conduct RTGS transactions. Amounts over 2 lakh rupees can be transferred to any bank account using the RTGS form from UBI. The Union Bank of India NEFT Form is utilized for conducting NEFT transactions within the Union Bank of India RTGS form. NEFT permits the transfer of sums below 2 lakh to any bank account.
Corporation Bank and Andhra Bank were merged into Union Bank of India RTGS form on 1st April 2020. India’s Finance Minister announced the PSU Mega-merger in 2019. The Corporation Bank, a government-owned bank, amalgamated with the Union Bank of India RTGS form.
RTGS Form UBI, NEFT Form UBI
Bank: Union Bank of India, Andhra Bank, Corporation Bank
Instructions: Conduct financial transactions at Union Bank.
Data Updated: 26-01-2023
An image displaying the preview of RTGS Form UBI and NEFT Form UBI is provided for your reference.
How can I download the NEFT RTGS Form from UBI?
UBI Union Bank of India RTGS Form PDF can be downloaded from Insure grams. Download the Union Bank of India NEFT Form PDF from Insure grams. You can utilize this RTGS form to do UBI Union Bank RTGS transactions. Utilize this UBI Union Bank NEFT Form here.
RTGS and NEFT are electronic payment gateways banks utilize to enhance the security of transactions. RTGS is a real-time settlement procedure. NEFT transactions are processed in batches in banking transactions. Union Bank RTGS is an acronym for real-time gross settlement. Union Bank NEFT stands for National Electronic Fund Transfer System. RTGS and NEFT are secure and dependable electronic payment gateways for transactions.
Originating and destination bank branches are critical components of the RTGS network. The remitter must have access to beneficiary details, including beneficiary name, account number, account type, and the name and IFSC of the beneficiary bank branch in both RTGS and NEFT transactions.
Union Bank of India RTGS Form NEFT form PDF Install 2024
What are the processing times for NEFT and RTGS transactions at Union Bank?
NEFT and RTGS services at the Union Bank of India RTGS form branch are available only during working hours.
NEFT transactions will now be accessible round the clock for online transactions, including internet banking and mobile banking. Also Check Union Bank of India
The RTGS time for Union Bank is displayed in a table.
| During weekdays Monday through FridayReal Time Gross Settlement | 7.00 AM to 6:00 PM |
| RTGS works on Weekends for business transactions. | 7.00 AM to 6.00 PM |
| RTGS is available on Sundays and public holidays. | No Transaction Allowed |
The NEFT schedule for Union Bank is displayed in a table.
| During weekdays Monday through Friday NEFT | 7.00 AM to 6:00 PM |
| NEFT transfers are handled on working Saturdays. | 7.00 AM to 6:00 PM |
| NEFT transfers are dealt with on Sundays and public holidays. | No Transaction Allowed |
Upload the Bulk RTGS File before 17:30 Hrs for processing on the same day.
For Union Bank, NEFT, Accessible every day of the year, including holidays. Upload the Bulk NEFT File by 18:00 Hrs for processing the same day.
How to complete the UBI Union Bank of India RTGS and NEFT form?
- The Union Bank of India RTGS form is utilized for transactions above 2 lakh Rs., while NEFT is employed for transactions below 2 lakh Rs. Here are the instructions for completing the UBI Union Bank of India RTGS and NEFT form.
- Remittance Amount: Specify the precise amount to be transferred from your account.
- The account number that will be debited is your Union Bank account number, from which the transaction amount will be deducted.
- Beneficiary bank and branch name: Clearly state the recipient of your transaction and the branch code of the beneficiary.
- The IFSC code of the recipient branch: The IFSC code is crucial for RTGS and NEFT transactions. Please write it in the form.
- Beneficiary customer’s name: Customer Name accurately
- The beneficiary customer’s account number must be entered correctly without any errors. Compose it meticulously.
- The sender provides the necessary information to the receiver. You can write it off for tax purposes.
What are the fees for RTGS and NEFT transactions at Union Bank of India?
The fees for NEFT and RTGS transactions in Union Bank of India RTGS form are displayed in a table.NEFT and RTGS transactions within Union Bank of India are free of charge.
| RTGS amount | Transaction Service Charges (Excluding GST) |
| Rs.2 lakhs & up to Rs.5 lakhs | Rs 24.5 |
| Above Rs.5 lakhs | Rs 49.5 |
| NEFT amount | Transaction Service Charges (Excluding GST) |
| Up to Rs.10,000/- | Rs. 2.5 |
| Rs.10,001 and up to Rs.1 lakh | Rs 5 |
| Rs 100001 to Rs 200000 | Rs 15 |
| Rs 200000 | Rs 24.75 |
Union Bank saving account holders are not charged for NEFT transactions.
Conclusion
Union Bank of India RTGS form customers can download this PDF for their banking requirements. You can get the NEFT and RTGS PDF from the Google Drive link. Customers can utilize the online Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services UBI provides Union Bank of India RTGS form. Customers have the option to use IMPS or UPI at any given moment. The UPI feature is gaining popularity.