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October 27th, 2017, 08:43 AM
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Join Date: Mar 2012

Hi I would like to have the information about the Real Time Gross Settlement service which is offered by Union Bank of India as well as the application for utilizing the service?

Real Time Gross Settlement [RTGS], presented by us as Union Bullet, is the speediest conceivable method of cash exchange through bank diverts accessible in India. It's a reserve exchange instrument where exchange of cash happens starting with one bank then onto the next progressively and on 'net premise'. By and by, there are more than 50000 bank offices empowered for dispatching and getting reserves through RTGS. RTGS is basically for extensive esteem settlements. The base add up to be dispatched through RTGS is Rs.2.00 Lakh.

Striking Features

Clients can transmit any sum utilizing RTGS. Clients meaning to transmit cash through RTGS need to outfit the accompanying particulars:

IFSC (Indian Financial System Code) of the recipient Bank/Branch.

Full record number of the recipient.

Name of the recipient.

The office is likewise accessible through online mode for all web saving money clients. For corporate clients, mass transfer office is likewise accessible at branches.

Timings

Monday to Friday:8.00Hrs to 16.20Hrs. Mass RTGS File ought to be transferred before 15:50Hrs for same day preparing.

Saturday(except second and fourth Saturdays):8.00Hrs to 16.20Hrs. Mass RTGS File ought to be transferred before 15:50Hrs.

Sunday is holiday.

Under this office cash will be credited to the recipient account immediately on 'ongoing' premise.

Union Bank offers RTGS office to its clients through all its branches.

Charges

For transaction amount from Rs. 2 Lac & up to Rs. 5 Lacs:
Rs.25.00 + taxes (From 08:00 Hrs & up to 11:00 Hrs)
Rs.27.00 + taxes (After 11:00 Hrs & up to 13:00 Hrs)
Rs.30.00 + taxes (After 13:00 Hrs)

For transaction amount more than Rs. 5 Lacs:
Rs.50.00 + taxes (From 08:00 Hrs & up to 11:00 Hrs)
Rs.52.00 + taxes (After 11:00 Hrs & up to 13:00 Hrs)
Rs.55.00 + taxes (After 13:00 Hrs)

RTGS Application Form


Last edited by Anuj Bhola; October 11th, 2019 at 03:38 PM.
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