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  #2  
30th November 2019, 03:29 PM
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Re: Union Bank of India Fund Transfer Demo

Can you provide me the details of the - National Electronic Funds Transfer (NEFT) & RTGS (Real Time Gross Settlement) - Fund Transfer to other Bank Accounts – of Union Bank of India?
  #3  
30th November 2019, 03:29 PM
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Join Date: Aug 2012
Re: Union Bank of India Fund Transfer Demo

Both National Electronic Funds Transfer (NEFT) & RTGS (Real Time Gross Settlement) modules of Union Bank of India are available as a single module inside Internet Banking application. One has to register beneficiary before making any fund transfer. This registration process is one time activity.

NEFT Operating Hours:
Monday to Friday: 8.00Hrs to 18.30Hrs. Bulk NEFT File should be uploaded before 18:00Hrs for same day processing.
Saturday (except 2nd & 4th Saturdays):8.00Hrs to 18.30Hrs. Bulk NEFT File should be uploaded before 18:00Hrs for same day processing.
Sunday is holiday.

RTGS Operating Hours:
Monday to Friday: 8.00Hrs to 16.00Hrs. Bulk RTGS File should be uploaded before 15:30Hrs for same day processing.
Saturday (except 2nd & 4th Saturdays):8.00Hrs to 16.00Hrs. Bulk RTGS File should be uploaded before 15:30Hrs.
Sunday is holiday.

NEFT Charges :
1. For transaction amount up to Rs. 10,000 : Rs. 2.61 + taxes
2. For transaction amount above Rs. 10,000 & up to Rs. 1 Lac : Rs. 5.22 + taxes
3. For transaction amount above Rs. 1 Lac & up to Rs. 2 Lacs : Rs. 14.78 + taxes
4. For transaction amount more than Rs. 2 Lacs : Rs. 25.22 + taxes

RTGS Charges :
1. For transaction amount from Rs. 2 Lac & up to Rs. 5 Lacs:
Rs.25.22 + taxes (From 08:00 Hrs & up to 11:00 Hrs)
Rs.26.96 + taxes (After 11:00 Hrs & up to 13:00 Hrs)
Rs.30.43 + taxes (After 13:00 Hrs)

2. For transaction amount more than Rs. 5 Lacs:
Rs.50.43 + taxes (From 08:00 Hrs & up to 11:00 Hrs)
Rs.52.17 + taxes (After 11:00 Hrs & up to 13:00 Hrs)
Rs.54.78 + taxes (After 13:00 Hrs)

NEFT/RTGS Holiday List 2018:
26-Jan, 30-Mar, 15-Aug, 22-Aug, 02-Oct, 25-Dec, all Sundays and 2nd & 4th Saturdays.
If any working day is declared as RBI NEFT/RTGS holiday later, then NEFT/RTGS transactions scheduled will not be processed on the same day, it will be processed on the next working day. One may recall the transactions and reschedule them.


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