Union Bank provides a lot of electronic payment options for Indian Customers.
Mainly there are 3 ways in which you can make electronic payment with Union Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;
RTGS/NEFT/IMPS Transfer with Indian Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Indian Bank:
Step 1: Download and Complete the Form
Mainly there are 3 ways in which you can make electronic payment with Union Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;
Type of Transfer | NEFT | IMPS | RTGS |
Speed of settlement | Real-Time | Real-Time | Real-Time |
Maximum Transfer Value | NIL | Up to Rs.2,00,000 | NIL |
Minimum Transfer Value | NIL | NIL | Rs. 2,00,000 |
Charges | Rs. 2.61 (Up to 10,000) Rs. 5.22 (10,000-1,00,000) Rs. 14.78 (1,00,000-2,00,000) Rs. 25.22 (2,00,000-10,00,000) | Rs.5 (Up to 1,00,000) Rs. 15 (1,00,000-2,00,000) | Rs.25-30 (2,00,000-5,00,000) Rs.50-55 ( Above 5,00,000) |
Timing | All days except Sundays and Public Holidays. | 24x7, 365 Days | All days except Sundays and Public Holidays. |
RTGS/NEFT/IMPS Transfer with Indian Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Indian Bank:
- Offline submission /In Branch Request (FOR RTGS/NEFT)
- Mobile Banking (FOR RTGS /NEFT /IMPS).
Step 1: Download and Complete the Form
- Download the attached NEFT/RTGS form (in PDF format). This same form will be provided to you if you choose to initiate the transfer through an in-branch request. We have attached a copy of the same form to this post for your ease.
- Print a clear copy of the downloaded form.
- Fill out the form completely and accurately. How to fill up the form is mentioned below
- Start by writing your branch name.
- The transaction number will be give and written by
- Now, add beneficiary name, address, branch name, bank name, date, account type and account number.
- Add your name, address, PAN number, Mobile Number, Amount(both in figures and words) and mode of payment.
- Read and recheck the declaration and sign the form.
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- Visit your nearest Union Bank branch.
- Submit the completed NEFT/RTGS form along with any required identification documents to a bank teller or customer service representative.
- Once your request is processed, the funds will be transferred to the beneficiary's account.
- Open your Union Bank Mobile Application and log in with your 4-digit PIN or register on the application first.
- Scroll Down and Click on “Send Money” under the Quick Tasks menu.
- Under the transfer window, you will have the option to have a quick transfer or you can register a payee and then pay.
- Now, enter the beneficiary bank details and the amount you want to transfer.
- Select the transfer type and select your bank account.
- Click on proceed and confirm the details.
- Authenticate using you MPIN and your transfer will be completed.