If you need to transfer ₹2 lakh or more instantly, RTGS (Real Time Gross Settlement) is your best friend. Unlike NEFT (which settles in batches), RTGS processes transactions one-by-one in real time—meaning the money hits the beneficiary’s account within 30 minutes.
✅ when done via internet banking or the Union Bank Vyom app. 2. Branch RTGS (Over the counter) If you visit a branch to initiate RTGS (e.g., for cash deposits or if you don’t have net banking), charges apply: union bank rtgs charges
| Transaction Amount | Bank Charges | + GST (18%) | | |-------------------|--------------|-------------|------------| | ₹2 lakh to ₹5 lakh | ₹25 | ₹4.50 | ₹29.50 | | Above ₹5 lakh | ₹50 | ₹9.00 | ₹59.00 | If you need to transfer ₹2 lakh or