Exactly as it appears in their bank records. Account Number: The recipientās full account number.
The following fees apply to outward RTGS transactions at Union Bank of India. Inward transactions (receiving funds) are always . Transaction Mode Amount Slab Base Service Charge Online (Net/Mobile Banking) Any amount NIL (Free) Offline (At Branch) ā¹2 Lakh ā ā¹5 Lakh ā¹24.50 to ā¹30.00 + GST Offline (At Branch) Above ā¹5 Lakh ā¹49.50 to ā¹55.00 + GST Time-Dependent Branch Charges
The 11-digit code of the recipient's bank branch. Amount to be Transferred: Must be ā¹2 lakh or more. union bank rtgs charges
Bank charges are subject to periodic revision by the bank and regulatory guidelines by the RBI. The rates mentioned above are accurate as per the latest available data but customers are advised to check the official Union Bank of India website or contact their branch for the most current rates before initiating a transaction.
For transactions initiated at a physical branch, Union Bank utilizes time-based pricing. The total cost often includes an 18% GST on the base service charge: : 08:00 AM ā 11:00 AM: ā¹25.00 + GST 11:00 AM ā 01:00 PM: ā¹27.00 + GST After 01:00 PM: ā¹30.00 + GST Above ā¹5 Lakh : 08:00 AM ā 11:00 AM: ā¹50.00 + GST 11:00 AM ā 01:00 PM: ā¹52.00 + GST After 01:00 PM: ā¹55.00 + GST Execution Details for Branch Transfers Check Out RTGS Transfer Charges - ClearTax Exactly as it appears in their bank records
If you need to transfer instantly, RTGS (Real Time Gross Settlement) is your best friend. Unlike NEFT (which settles in batches), RTGS processes transactions one-by-one in real timeāmeaning the money hits the beneficiaryās account within 30 minutes.
For Current Account holders: Slightly lower rates may apply depending on your plan. Inward transactions (receiving funds) are always
ā when done via internet banking or the Union Bank Vyom app.
The bank offers discounted rates for customers who use digital channels.