Real-Time Gross Settlement (RTGS) is one of the fastest ways to transfer large sums of money securely in India. If you need to transfer funds urgently and securely, the Union Bank of India (UBI) provides a streamlined process for both offline and online RTGS transactions.
This is the most critical section. Any error here leads to a failed transaction or, worse, a wrong credit.
If you tick RTGS but amount is below ₹2 lakh, the bank may reject or convert to NEFT (policy varies). union bank of india rtgs form
To initiate an RTGS transaction, you'll need the IFSC (Indian Financial System Code) of the recipient's bank. The IFSC code for Union Bank of India is:
Carefully write the receiver's full account number. Real-Time Gross Settlement (RTGS) is one of the
If you prefer to use online banking, you can also initiate an RTGS transaction through Union Bank of India's website or mobile banking app. Simply log in to your account, select the RTGS option, and follow the prompts to enter the recipient's details and transaction information.
You can initiate RTGS transactions at any Union Bank of India branch during the following hours: Any error here leads to a failed transaction
Sign exactly as you usually do in your bank records. For corporate accounts, authorized signatories must sign with the company stamp. 💡 Key Reminders & Rules
The bank routes money solely based on the account number provided. If the number does not exist or matches a different name, it will fail.
The form is required when you need to:
: Funds can be moved without sending physical cheques or demand drafts to the recipient.