Your account from which funds will be debited. Why Use RTGS? Check Out RTGS Transfer Charges - ClearTax
| Feature | RTGS | NEFT | IMPS | |---------|------|------|------| | Min amount | ₹2 lakh | No min | No min | | Max amount | No limit | No limit | ₹5 lakh (generally) | | Speed | 30 mins | Batch (hourly) | Instant | | Online fee at Union Bank | | Free | Free | | Best for | Large urgent payments | Small/medium amounts | Quick <₹5L transfers |
| Transaction Amount | Charges (Inclusive of GST) | | :--- | :--- | | | ₹24.75 (Base: ₹20 + GST) | | Above ₹5,00,000 | ₹49.50 (Base: ₹40 + GST) |
Yes. You can visit your nearest branch and fill out an RTGS form. However, as shown in the tables above, branch charges are higher than online charges.
The 11-digit code of the recipient's bank branch. Amount to be Transferred: Must be ₹2 lakh or more.
Real-Time Gross Settlement (RTGS) is a premier payment system for high-value transactions, typically starting at ₹2 lakh. Union Bank of India provides this facility to its customers through both digital and offline channels.
The following fees apply to outward RTGS transactions at Union Bank of India. Inward transactions (receiving funds) are always . Transaction Mode Amount Slab Base Service Charge Online (Net/Mobile Banking) Any amount NIL (Free) Offline (At Branch) ₹2 Lakh – ₹5 Lakh ₹24.50 to ₹30.00 + GST Offline (At Branch) Above ₹5 Lakh ₹49.50 to ₹55.00 + GST Time-Dependent Branch Charges
If your RTGS fails due to a technical issue (wrong IFSC, beneficiary bank down, etc.), Union Bank does levy any charges. However, if you provide incorrect beneficiary details, the amount may be reversed after 2–3 days, but no penalty fee applies.
For 99% of Union Bank customers, – as long as you use net banking or the mobile app. The only time you’ll pay is if you walk into a branch and ask a teller to process it.
To successfully execute an RTGS transfer, you must adhere to the following operational parameters: ₹2,00,000.
For transactions initiated at a physical branch, Union Bank utilizes time-based pricing. The total cost often includes an 18% GST on the base service charge: : 08:00 AM – 11:00 AM: ₹25.00 + GST 11:00 AM – 01:00 PM: ₹27.00 + GST After 01:00 PM: ₹30.00 + GST Above ₹5 Lakh : 08:00 AM – 11:00 AM: ₹50.00 + GST 11:00 AM – 01:00 PM: ₹52.00 + GST After 01:00 PM: ₹55.00 + GST Execution Details for Branch Transfers Check Out RTGS Transfer Charges - ClearTax
Your account from which funds will be debited. Why Use RTGS? Check Out RTGS Transfer Charges - ClearTax
| Feature | RTGS | NEFT | IMPS | |---------|------|------|------| | Min amount | ₹2 lakh | No min | No min | | Max amount | No limit | No limit | ₹5 lakh (generally) | | Speed | 30 mins | Batch (hourly) | Instant | | Online fee at Union Bank | | Free | Free | | Best for | Large urgent payments | Small/medium amounts | Quick <₹5L transfers |
| Transaction Amount | Charges (Inclusive of GST) | | :--- | :--- | | | ₹24.75 (Base: ₹20 + GST) | | Above ₹5,00,000 | ₹49.50 (Base: ₹40 + GST) | union bank rtgs charges
Yes. You can visit your nearest branch and fill out an RTGS form. However, as shown in the tables above, branch charges are higher than online charges.
The 11-digit code of the recipient's bank branch. Amount to be Transferred: Must be ₹2 lakh or more. Your account from which funds will be debited
Real-Time Gross Settlement (RTGS) is a premier payment system for high-value transactions, typically starting at ₹2 lakh. Union Bank of India provides this facility to its customers through both digital and offline channels.
The following fees apply to outward RTGS transactions at Union Bank of India. Inward transactions (receiving funds) are always . Transaction Mode Amount Slab Base Service Charge Online (Net/Mobile Banking) Any amount NIL (Free) Offline (At Branch) ₹2 Lakh – ₹5 Lakh ₹24.50 to ₹30.00 + GST Offline (At Branch) Above ₹5 Lakh ₹49.50 to ₹55.00 + GST Time-Dependent Branch Charges You can visit your nearest branch and fill out an RTGS form
If your RTGS fails due to a technical issue (wrong IFSC, beneficiary bank down, etc.), Union Bank does levy any charges. However, if you provide incorrect beneficiary details, the amount may be reversed after 2–3 days, but no penalty fee applies.
For 99% of Union Bank customers, – as long as you use net banking or the mobile app. The only time you’ll pay is if you walk into a branch and ask a teller to process it.
To successfully execute an RTGS transfer, you must adhere to the following operational parameters: ₹2,00,000.
For transactions initiated at a physical branch, Union Bank utilizes time-based pricing. The total cost often includes an 18% GST on the base service charge: : 08:00 AM – 11:00 AM: ₹25.00 + GST 11:00 AM – 01:00 PM: ₹27.00 + GST After 01:00 PM: ₹30.00 + GST Above ₹5 Lakh : 08:00 AM – 11:00 AM: ₹50.00 + GST 11:00 AM – 01:00 PM: ₹52.00 + GST After 01:00 PM: ₹55.00 + GST Execution Details for Branch Transfers Check Out RTGS Transfer Charges - ClearTax