I want to know the timing and the charges of National Electronic Funds Transfer (NEFT) in Union Bank of India?

National Electronic Funds Transfer (NEFT) NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts across the country.

This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances.

The facility is also available through online mode for all internet banking and mobile banking customers.

Timings-

Customers can use this facility between 8 AM and 06.30 PM on all weekdays and between 8 AM and 06:30 PM on Saturday (except 2nd & 4th Saturdays).

There are twelve hourly settlements between 8 AM and 7 PM on all weekdays and between 8 AM and 7 PM on Saturday (except 2nd & 4th Saturdays).

Bulk NEFT File should be uploaded before 6 PM for same day processing.

Sunday is holiday.

NEFT Charges :

For transaction amount up to Rs. 10,000 : Rs. 2.50 + taxes

For transaction amount above Rs. 10,000 & up to Rs. 1 Lac : Rs. 5.00 + taxes

For transaction amount above Rs. 1 Lac & up to Rs. 2 Lacs : Rs. 15.00 + taxes

For transaction amount more than Rs. 2 Lacs : Rs. 25.00 + taxes

Contact Details

NEFT Cell, 11th Floor,
Union Bank of India,
239, Union Bank Bhavan,
Nariman point
Mumbai – 400021
022-22896587/ 22896510
Email: neftcell@unionbankofindia.com