Union Bank of India provides its customers with the facility of fund transfer through NEFT (National Electronic Funds Transfer). Customers can avail NEFT service online as well as offline. When Union Bank of India account holders are unable to obtain their net banking or mobile banking account they can make transactions offline by visiting the bank branch and filling Union Bank of India NEFT Form.
How to fill Union Bank of India NEFT Form?
Customers can avail Union Bank of India NEFT service in two ways:
1. Online
Customers can transfer money through net banking or mobile banking by providing the following details:
- Name of the beneficiary
- Account number of the beneficiary
- IFSC (Indian Financial System Code) of the beneficiary bank/branch
- Amount to be remitted
- Select NEFT as the fund transfer type
2. Offline
Account holders can even visit the bank and carry out the transaction by filling the Union Bank of India NEFT Form. Following details would be required for offline banking:
- Name of the beneficiary
- Account number of the beneficiary
- IFSC (Indian Financial System Code) of the beneficiary bank/branch
- Amount to be remitted
Union Bank of India NEFT Timings
- Union Bank of India NEFT operates from Monday to Saturday (except 2nd & 4th Saturdays) from 8 am to 6:30 pm
- Bulk NEFT file should be uploaded before 6 pm for same day processing
- Note: Sunday is a holiday
Also Read: Union Bank of India Timings
Union Bank of India NEFT Charges
| NEFT Amount | NEFT Charges |
| Amount up to Rs. 10,000 | Rs. 2.61 + taxes |
| Amount above Rs. 10,000 & up to Rs. 1 lakh | Rs. 5.22 + taxes |
| Amount above Rs. 1 lakh & up to Rs. 2 lakh | Rs. 14.78 + taxes |
| Amount more than Rs. 2 lakh | Rs. 25.22 + taxes |
Union Bank of India NEFT Limit
According to the Reserve Bank of India (RBI), there is no limit for online transaction but for offline mode Rs.50,000/- is permitted per transaction.
Benefits of Union Bank of India NEFT
- Fast and secure mode of fund transfer
- For corporate customers, bulk upload facility is also available at branches