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Ananya Shrivastava
Ananya Shrivastava is a Content Writer at LoansJagat, specialising in finance-focused news, blogs, and long-form articles on Indian markets, RBI policy, personal finance, and lending. She has authored over 450 blogs and 250 news pieces, combining technical knowledge with rigorous research to simplify complex financial concepts into clear, engaging content. With a marketing-driven lens and sharp editorial judgment, she consistently achieves top Google rankings while ensuring every claim is backed by verified data.
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Sending ₹2,00,000 or more? Use the Union Bank RTGS form. Grab one at any branch, or skip the paper and file it through net banking with the IFSC code and account number in hand.
A trader in Ludhiana paying a supplier ₹3 lakh doesn't want to wait for a batch cycle. That's what this form is for, moving large sums the same minute, not the same day. Union Bank account holders use it, not walk-in customers off the street. Grab the form from the bank's website or from the counter itself. RBI drew the ₹2,00,000 line years ago, and everything under that still goes through NEFT or IMPS.
Also Read: How to Check Vidharbha Konkan Gramin Bank Account Balance in Various Ways
Just a transfer application, nothing fancier than that. You fill it, hand it in, and Union Bank of India pushes the money through RBI’s RTGS network, where each transaction clears on its own instead of waiting in a batch with a dozen others. The form wants remitter details, beneficiary details, an IFSC code, and the amount. Below ₹2,00,000, this form isn't even an option. This cutoff comes from the Reserve Bank of India, not the bank itself.
Also Read: What is the IPPB Customer Care Number?
Only people with an account at the bank. Savings, current, business- doesn't matter which, as long as the transfer is ₹2,00,000 or more. No account, no branch RTGS, even if the payment can't wait. Open one first, or ask the receiving party to use a different channel.
The fastest way is straight from the bank's site.
Branches keep printed copies at the counter as well. You can simply ask for one at the branch.
Also Read: Odisha Gramya Bank Balance Check Number: Missed Call
Miss a field, and the counter staff hands it right back. Follow this order instead:
The IFSC code and account number deserve a second look before you submit. Get either wrong and the money lands somewhere else, and RTGS doesn't come with an undo button once it's processed.
RTGS charges apply per transaction, based on the amount you send. Inward RTGS, meaning money coming into your account, costs nothing.
*T&C Apply
₹2,00,000, no exceptions either way. No limit on the upper side.
Trying to send less? RTGS simply won't take it. Use NEFT or IMPS instead.
Union Bank Branch RTGS follows your local branch's regular working hours, Monday through Saturday, with variations depending on the branch. It's worth a quick call to your branch to confirm before you head out with the form.
Net banking skips all of this. It runs every hour of every day, weekends and holidays included, under RBI's round-the-clock RTGS system that came into force a few years back.
Conclusion
If the transfer crosses ₹2,00,000 and speed matters, this is the form to reach for. Net banking makes it free and round the clock. Stick to the paper version only if branch banking suits you better, and give the IFSC code one last check before you hand it in.
Sending ₹2,00,000 or more between bank accounts in real time.
The bank's website or any branch counter.
Get the branch name, remitter and beneficiary details, IFSC code, and amount right, then sign it.
₹2,00,000, with no upper limit.
No. RTGS Outward carries a per-transaction charge whether done at the branch or online, as per the bank's fee schedule. RTGS Inward is free.
₹28.91 per transaction for ₹2 to ₹5 lakh, and ₹58.41 above ₹5 lakh, both figures inclusive of GST.
Not at the branch. Online RTGS through net banking works round the clock.
Your account proof, a valid ID, and the beneficiary's account and IFSC details.
No. Once it's processed, it can't be reversed.
The money comes back to your account, usually the same business day.
