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1st July 2016, 12:14 PM
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Join Date: Apr 2013
Re: RTGS Charges Union Bank of India

Real Time Gross Settlement [RTGS] is the fastest possible mode of money transfer through bank channels available in India.

It is primarily for large value remittances. The minimum amount to be remitted through RTGS is Rs.2.00 Lakh.

Salient Features

One can remit any amount using RTGS. Customers intending to remit money through 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

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

For corporate customers, bulk upload facility is also available at 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)


Timings

Monday to Friday: 8.00Hrs to 16.20Hrs. Bulk RTGS File should be uploaded before 15:50Hrs for same day processing.

Saturday (except 2nd & 4th Saturdays):8.00Hrs to 16.20Hrs. Bulk RTGS File should be uploaded before 15:50Hrs.

Sunday is holiday.

Under it money is credited to the beneficiary account instantly on 'real time' basis.
It offers RTGS facility to its customers through all its branches.

It offers RTGS facility to its customers through all its branches.


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