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31st May 2016, 07:53 AM
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Join Date: May 2012
Re: RTGS Form of Union Bank of India

Real Time Gross Settlement [RTGS], presented by the bank as Union Bullet, is the speediest conceivable method of cash exchange through bank diverts accessible in India. It's an asset exchange system where exchange of cash happens starting with one bank then onto the next continuously and on 'gross premise'. In a matter of seconds, there are more than 45000 bank offices empowered for dispatching and accepting assets through RTGS. RTGS is principally for substantial quality settlements. The base add up to be transmitted through RTGS is Rs.2.00 Lakh.

Notable Features

Clients can dispatch any sum utilizing RTGS. Clients meaning to dispatch 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 keeping money clients.

For corporate clients, mass transfer office is likewise accessible at branches.

Timings

RTGS settlement administration for client exchanges is accessible from 9.00 hours to 15.30 hours on weekdays and from 9.00 hours to 11.00 hours on Saturdays. Under this office cash will be credited to the recipient account in a flash on 'ongoing' premise.

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

Charges

Free if the exchange sum is not as much as Rs. 2 lakhs.
Rs. 25/ - per exchange if the exchange sum is from Rs. 2 lakhs upto and including Rs. 5 lakhs.
Rs. 50/ - per exchange if the exchange sum is more than Rs. 5 lakhs.

The format of the RTGS form of Union Bank of India is as a zip file given below;
Attached Files
File Type: zip RTGS Form of Union Bank of India.zip (26.3 KB, 62 views)


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