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Features

Real Time Gross Settlement [RTGS], introduced by us as Union Bullet, is the fastest possible mode of money transfer through bank channels available in India. It's a fund transfer mechanism where transfer of money takes place from one bank to another in real time and on 'gross basis'. Presently, there are over 50000 bank branches enabled for remitting and receiving funds through RTGS. RTGS is primarily for large value remittances. The minimum amount to be remitted through RTGS is Rs.2.00 Lakh.
SALIENT FEATURES
Customers can remit 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.
The facility is also available through online mode for all internet banking customers. For corporate customers, bulk upload facility is also available at branches.
TIMINGS
Monday to Friday:7.00Hrs to 17.45Hrs. Bulk RTGS File should be uploaded before 17:00Hrs for same day processing.
Saturday(except 2nd & 4th Saturdays):7.00Hrs to 17.45Hrs. Bulk RTGS File should be uploaded before 17:00Hrs.

Sunday is holiday.
Under this facility money will be credited to the beneficiary account instantly on 'real time' basis.
Union Bank offers RTGS facility to its customers through all its branches.
Union Bank offers RTGS facility to its customers through all its branches.
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)

NOTE: Charges are waived for customers availing services at our branches in North Eastern States

FAQs


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