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June 21st, 2016, 11:30 AM
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Free Download RTGS Form of Union Bank of India

Hello do the Union Bank of India provide free form for the Real Time Gross Settlement [RTGS]?

Hello, the Union Bank of India does not provide free form for the Real Time Gross Settlement [RTGS]. Here I am providing you the details of the RTGS as under:

Details of RTGS:
Real Time Gross Settlement [RTGS], introduced by us as Union Bullet, is the fastest possible mode of money transfer through bank channels available in India

The minimum amount to be remitted through RTGS is Rs.2.00 Lakh.

TIMINGS
RTGS remittance service for customer transactions is available from 9.00 hours to 15.30 hours on weekdays and from 9.00 hours to 11.00 hours on Saturdays.
Under this facility money will be credited to the beneficiary account instantly on 'real time' basis.

Charges:
Free if the transaction amount is less than Rs. 2 lakhs.

Rs. 25/- per transaction if the transaction amount is from Rs. 2 lakhs upto and including Rs. 5 lakhs.
Rs. 50/- per transaction if the transaction amount is more than Rs. 5 lakhs.

SALIENT FEATURES
RTGS have to furnish the following particulars:
IFSC (Indian Financial System Code) of the beneficiary Bank/Branch.
Full account number of the beneficiary.
Name of the beneficiary.

Last edited by Neelurk; March 13th, 2020 at 11:31 AM.
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