Union Bank Of India Rtgs Form May 2026
The Union Bank of India RTGS form is used to transfer high-value funds (₹2 lakh or more) through any of the bank's branches. You can download the form PDF from the official website or obtain it at your nearest branch. Key Details for RTGS Minimum Amount: ₹2,00,000. Maximum Amount: No upper limit. Timings: Weekdays: 7:00 AM to 6:00 PM.
- You are not registered for internet banking.
- The transaction requires two or more joint account holders’ signatures.
- You are facing technical issues with the mobile app or UPI (since UPI has a lower limit of ₹1 lakh).
- You need a stamped and sealed receipt from the bank as proof of remittance.
- Non-Internet Banking Accounts: Basic Savings Bank Deposit (BSBD) accounts, pension accounts, or inoperative accounts often lack digital access.
- High-Security Corporate Mandates: Companies require dual authorization – a physical stamp from two directors – which digital tokens cannot replicate.
- Offline Record Keeping: For legal or audit purposes, a stamped physical acknowledgement from the bank is stronger evidence than a digital screenshot.
- Cash Transactions: If you want to deposit cash (up to ₹50,000 per transaction) directly into a beneficiary’s account via RTGS, you must use the physical form.
- Name of the account holder
- Account number
- Address
Clear Layout & Field Labeling
Section C: Transaction Details
| Field | Explanation |
|-------|-------------|
| Amount | In figures and words (minimum ₹2 lakh) |
| Purpose Code | Numerical code – e.g., 001 (salary), 002 (personal transfer), 010 (business payment). Ask the teller or check common codes posted at the branch. |
| Remarks (optional) | Invoice no., customer ID, etc. (limited characters) | union bank of india rtgs form