The Real Time Gross Settlement (RTGS) is a quicker and more secure way of transferring a lump sum amount from one bank account to another than other payment modes. Whether you’re a business handling bulk payments or an individual making an urgent transfer, RTGS provides a safe and seamless way to move funds. To initiate an RTGS transfer at a Union Bank of India branch, you must fill out a Union Bank of India RTGS form with duly filled-up relevant details about both the sender and recipient.
This comprehensive guide will teach you everything you need to know about the Union Bank of India RTGS form, including how to download, fill out, and submit it correctly for a hassle-free transaction experience.
The Union Bank of India RTGS form is a simple application form for transferring funds via RTGS. You can opt for this fund transfer mechanism among one of the bank’s branches if the transfer amount is Rs. 2 lakh or more.
Union Bank of India RTGS forms can be obtained only from Union Bank of India branches. Visit the nearest Union Bank of India branch to obtain the Union Bank of India RTGS form.
Filling out a Union Bank of India RTGS form is a simple and hassle-free procedure following a simple documentation process. Here is a detailed step-by-step guide to follow for filling out the RTGS form with ease:
After completing the form, submit it at the nearest Union Bank of India branch along with any required documents for processing. Take the acknowledgement receipt for the same.
Presenting all relevant documents beforehand will help you complete the RTGS transfer hassle-free. Here is the list of documents required for submitting with the Union Bank of India RTGS form:
You can visit your nearest Union Bank of India branch for confirmation of the list of documents necessary for resolving any queries.
Signatures play a crucial role in authenticating the transaction. Ensure your signature matches the one registered with your Union Bank of India account. Any discrepancy may result in the rejection of your form.
Union Bank of India does not provide the RTGS form in Excel format. You can manually create an Excel template based on the PDF form to streamline the filling process before printing and submitting it to the bank. However, it is recommended that the official PDF version be used for accuracy and acceptance.
Union Bank of India does not levy charges on RTGS and NEFT transactions conducted online through internet banking or mobile banking, as per regulatory guidelines. However, nominal charges apply based on the transaction amount and time of transfer for offline RTGS transactions.
These charges ensure secure and efficient high-value fund transfers through Union Bank of India’s RTGS facility.
Filling out the Union Bank of India RTGS form ensures a smooth and hassle-free transaction process. In case of any delay, the transferred funds will be credited back to your bank account within one hour. It is important to double-check all details and provide accurate information before submitting the form to avoid any errors or processing issues.
Related Articles:
1. Yes Bank RTGS Form
2. Kotak Mahindra Bank RTGS Form
3. PNB RTGS Form
4. IDBI RTGS Form
5. IndusInd Bank RTGS Form