Form |link| | Union Bank Of India Rtgs
The Union Bank of India Real Time Gross Settlement (RTGS) form is a mandatory document used to initiate high-value fund transfers within India. RTGS is primarily designed for transactions exceeding ₹2 lakh, offering near-instant settlement on an order-by-order basis. Purpose of the RTGS Form
Transaction Details
A Complete Guide to the Union Bank of India RTGS Form: How to Fill, Submit, and Track
In the fast-paced world of banking, transferring large sums of money securely and instantly is a necessity for businesses and individuals alike. The Real Time Gross Settlement (RTGS) system is the gold standard for such transactions. For customers of Union Bank of India (UBI) , one of the country’s leading public sector banks, understanding the RTGS form is crucial for high-value transfers. union bank of india rtgs form
- Date of transaction
- Payer’s account number and branch details
- Beneficiary’s full name and account number
- Beneficiary’s bank name, branch, and IFSC code (Mandatory for RTGS)
- Amount in words and figures
- Purpose of remittance (e.g., trade, investment, personal transfer)
- Debit confirmation and signature
Working Saturdays: 7:00 AM to 6:00 PM (excludes 2nd and 4th Saturdays). Sundays/Holidays: No offline transactions allowed. How to Fill the RTGS Form The Union Bank of India Real Time Gross
🏦 Final Recommendation:
Use the Union Bank of India RTGS form if: Date of transaction Payer’s account number and branch
IFSC Code: Fill in the 11-character Indian Financial System Code of the receiver's branch. This is the most critical detail for routing the funds. 4. Amount Details
Speed: Transactions are settled in real-time or within a few hours.