Union Bank of India RTGS 2020: The RTGS system is primarily meant for giant value transactions. The minimum amount to be remitted through RTGS is Rs 2 lakh. Union Bank of India RTGS Form, Rules, Timing, Charges & the way to do RTGS?: UBI RTGS form rules timing charges. With Real Time Gross Settlement (RTGS) you’ll transfer funds to any bank across India in real time. With this service your transactions are easier, and, with fewer restrictions, they reach further than before. during this article we offer complete details for Union Bank of India RTGS like – the way to send payment via Union Bank of India RTGS, Charges of Union Bank of India RTGS, Timing of Union Bank of India RTGS etc.. Now inspect more details for Union Bank of India RTGS From below…
What is RTGS?
UBI Real Time Gross Settlement (RTGS) may be a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to a person having an account with the other bank branch within the country participating within the Scheme
In what way it is beneficial to the Customers
Customer can remit funds to the account of another bank branch and The funds are transferred instantaneously at nominal charges
How to Send Payment via RTGS in Union Bank of India
There are two ways to send payment via UBI RTGS and one among them is 1. RTGS via Online Internet Banking and 2nd is RTGS via Bank Branch.
RTGS via Bank Branch : If you would like to form RTGS in Union Bank of India 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 RTGS Form or Slip and Fill all the require details asked in RTGS Form and undergo Cashier, Now you bank brach send payment to a different person within 2 working hours
RTGS Via Internet Banking : you’ll also send money via RTGS 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 RTGS. Online RTGS is enabled for all customers of Union Bank of India (Internet Banking) with full transaction right. If you’d wish to avail Union Bank of India RTGS 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.
Cut off time for remittance through Union Bank of India RTGS
Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has got to credit the beneficiary’s account within half-hour of receiving the funds transfer message.
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