Real-Time Gross Settlement (RTGS) is the fastest channel for transferring large sums of money securely across banks in India. Managed by the Reserve Bank of India (RBI), this system processes transfers instantly on a continuous, transaction-by-transaction basis. If you need to move ₹2 Lakh or more using your Union Bank of India (UBI) account, the RTGS form is your gateway to a seamless transaction.
Once the RTGS is executed by Union Bank of India, the transaction cannot be cancelled, reversed, or recalled.
| Transaction Amount | RTGS Charges (Base Fee) | Total with 18% GST (Approx.) | | :--- | :--- | :--- | | | ₹25 | ₹29.50 | | Above ₹5 lakh | ₹50 | ₹59.00 | union bank of india rtgs form
Write the name of the Union Bank branch where you are physically presenting the form. Date & Time: Enter the current date and time of your visit.
You can typically obtain the physical form at any Union Bank branch or download a fillable version from pdfFiller or Scribd . Real-Time Gross Settlement (RTGS) is the fastest channel
Fees are regulated by the RBI and scale based on the transaction volume. For amounts between ₹2 Lakh and ₹5 Lakh, the fee generally ranges from ₹20 to ₹25 (+ GST). For amounts exceeding ₹5 Lakh, the fee is capped around ₹50 (+ GST). Union Bank does not charge for inward RTGS (receiving money). Critical Precautions for Smooth Processing
If you prefer the traditional method, you can simply visit your nearest Union Bank of India branch. Request the RTGS/NEFT transaction request form from a bank executive or at the customer service counter. Once the RTGS is executed by Union Bank
The exact sum to be transferred, written clearly in both numerical figures and text words.
While online RTGS via internet banking is available 24/7/365, physical branch timing dictates offline submission. You must submit forms during standard branch business hours, typically between 10:00 AM and 4:00 PM on working days.