Union Bank of India NEFT Form: With National Electronic Funds Transfer (NEFT) you’ll transfer funds and make mastercard payments to any bank across India. With this service your transactions are easier, and, with fewer restrictions, they reach further than before.

What is NEFT?

National Electronic Funds Transfer (NEFT) 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 often an easy , secure, safe, fastest and price effective thanks to transfer funds especially for Retail remittances.

Union Bank of India NEFT Charges

Please Note New RBI news on 1st January 2020 – there’ll be no charge from January 1, 2020 on National Electronic Funds Transfer (NEFT) used for online fund transfer (Net Banking). The Federal Reserve Bank of India (RBI) has given this exemption for account holders with savings bank accounts.. this suggests that payments via NEFT would become either free or charges would be drastically reduced.

How to Send Payment via NEFT

There are two ways to send payment via NEFT and one among them is 1. NEFT via Online Internet Banking and 2nd is 2. NEFT via Bank Branch..

NEFT via Bank Branch : If you would like to form NEFT via offline mode i.e from Bank Branch then you would like to go to your nearest Union Bank of India Branch and Request for NEFT Form or Slip and Fill all the require details asked in NEFT Form and undergo Cashier, Now you bank brach send payment to a different person within 2 working hours

NEFT Via Internet Banking : you’ll also send money via NEFT by using your Union Bank of India Internet Banking Service, for using Internet banking, you would like to login at Union Bank of India Website then you’ll require to feature new Beneficiary then you’re ready to make payment via NEFT. Online NEFT is enabled for all customers of Union Bank of India (Internet Banking) with full transaction right.

Android Application

If you’d wish to avail Union Bank of India NEFT Facility then please download the appliance form or visit to your Union Bank of India Brach and submit the duly filled form to your base branch. If you’re already a Union Bank of India Connect customer with “view right” and would really like to avail full transaction right, please resubmit your form (can download from above URL) to you base branch.

Importance Account Number

Outward : While remitting the funds, Account Number of the beneficiary is to be mentioned correctly within the voucher (to whom the remittance is meant to ).

Inward : While seeking remittance from other bank Customers it’s mandatory to quote your 15 Digit Finacle Account Number compulsorily.