Rtgs Union Bank

Within minutes, the funds were debited from Rohan's account and credited to Mr. Kumar's account at his bank in Delhi. Rohan received a confirmation slip from the bank, which showed the transaction details, including the UTR (Unique Transaction Reference) number.

She rushed to her local Union Bank branch. The manager, Mr. Sharma, saw her distress. rtgs union bank

Rohan visited his bank, Union Bank, and inquired about the fastest way to transfer the funds. The bank representative suggested using the Real-Time Gross Settlement (RTGS) service, which would enable Rohan to transfer the funds to Mr. Kumar's account instantly. Within minutes, the funds were debited from Rohan's

Within , Maya’s phone pinged. Her lawyer messaged: “Funds received. Deed registered. Thank you!” She rushed to her local Union Bank branch

“Exactly,” said Mr. Sharma. “It’s for . NEFT is fine for small amounts, but when you need money to land right now and irreversibly – that’s RTGS.”

Rohan was hesitant at first, as he was not familiar with the RTGS process. However, the bank representative explained that RTGS was a secure and efficient way to transfer large sums of money in real-time. The representative also informed Rohan that the minimum transfer amount for RTGS was ₹2 lakh, and the maximum limit was ₹10 lakh.