I want to know the charges of NEFT Form Of Union Bank Of India so will you please tell me?
National Electronic Funds Transfer (NEFT) NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts across the country.
This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances.
NEFT Charges :
For transaction amount up to Rs. 10,000 : Rs. 2.50 + taxes
For transaction amount above Rs. 10,000 & up to Rs. 1 Lac : Rs. 5.00 + taxes
For transaction amount above Rs. 1 Lac & up to Rs. 2 Lacs : Rs. 15.00 + taxes
For transaction amount more than Rs. 2 Lacs : Rs. 25.00 + taxes
Customers can use this facility between 8 AM and 06.30 PM on all weekdays and between 8 AM and 06:30 PM on Saturday (except 2nd & 4th Saturdays).
There are twelve hourly settlements between 8 AM and 7 PM on all weekdays and between 8 AM and 7 PM on Saturday (except 2nd & 4th Saturdays).
Bulk NEFT File should be uploaded before 6 PM for same day processing. Sunday is holiday.
The money will be credited to the beneficiary’s account on the same day or at the most next day in case the message is sent during the last batch of settlement.
Union Bank offers NEFT facility to its customers through all its branches.
NEFT Cell, 11th Floor,
Union Bank of India,
239, Union Bank Bhavan,
Mumbai – 400021