Union Bank of India Transfer

Hello sir I am here as I want to know what is the charges for National Electronic Funds Transfer (NEFT) of Union Bank of India so will you please tell me about this??

[pawan]

National Electronic Funds Transfer (NEFT) is electronic funds transfer system, which facilitates transfer of funds to other bank accounts in over 63000 bank branches across the country.

This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances.


Charges for National Electronic Funds Transfer (NEFT) in Union Bank of India
Rs. 5/ per transaction if the transaction amount is less than Rs. 1 lakh
Rs. 25/- per transaction if the transaction amount is more than Rs. 1 lakh

Features & Benefits
Customers can remit any amount using NEFT Customer intending to remit money through NEFT has 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 and mobile banking customers.

For corporate customers, bulk upload facility is also available at branches.

Timings
Customers can use this facility between 8 AM and 7 PM on all weekdays and between 8 AM and 1 PM on Saturday.
There are twelve hourly settlements between 8 AM and 7 PM on all weekdays and six hourly settlements between 8 AM and 1 PM on Saturdays.