Union Bank of India RTGS Code

Can you tell me about the charges and timing for using the facility Real Time Gross Settlement [RTGS] as offered by UBI or Union Bank of India?

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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.

One can send 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

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.

In it money will be credited to the beneficiary account instantly on 'real time' basis.

The Bank offers facility to its customers through all its branches.