Download the free Union Bank of India RTGS/NEFT Form PDF from the link provided below the article, or read online using the direct link provided at the bottom of the content, to get the document in PDF format. From the official website link provided at the bottom of this post, you may read or download the Union Bank of India RTGS/NEFT Form PDF for free online.
UBI Bank RTGS Form
Individuals can move money between banks via the RTGS (real-time gross settlement) and NEFT (national electronic funds transfer) electronic payment systems. As opposed to the real-time settlement procedure in RTGS, fund transfers via NEFT are completed in batches. Hourly time periods are used to settle the batches.
UBI Bank NEFT Form
When submitting this form to the relevant bank branch, the payer must include information such as the account number, IFSC code, and the amount of both the payer and the payee, as well as a copy of the cheque.
The Reserve Bank of India (RBI) maintains the RTGS payment system, making it a secure and dependable way to send and receive money throughout the nation at any time. In actuality, RTGS is among the quickest methods for sending money to anyone. Compared to the NEFT form of payment, it is significantly quicker. All RTGS fees are quite affordable and range from Rs. 25 to Rs. 55.