Union Bank of India NEFT Charges, Timings, Limit & How To Transfer

Union Bank of India is one of India’s major public sector banks offering modern and secure digital banking services. Among its core facilities, NEFT (National Electronic Funds Transfer) is a highly trusted and widely used method for sending money across bank accounts in India.

In this article, we will explain Union Bank of India NEFT charges, timings, transaction limits, and a step‑by‑step guide on how to transfer money. The goal is to help customers understand how NEFT works and how to use it easily.

What is NEFT in Union Bank of India?

NEFT is an electronic fund transfer system regulated by the Reserve Bank of India (RBI) that allows customers to transfer funds safely from one bank account to another within India. It is suitable for both personal and business payments — from paying bills to transferring salary or family support funds.

NEFT processes transactions in half‑hourly settlement batches, so the money is generally credited to the beneficiary’s account within 30 minutes to a few hours depending on timing and batch processing.

Union Bank of India NEFT Charges

Union Bank of India follows RBI guidelines and encourages digital banking. The NEFT charges vary based on whether the transfer is done online or at a bank branch.

Online NEFT Charges

• Internet Banking / Mobile Banking: FREE
• No charges for NEFT when done through digital channels.

This is in line with RBI’s push toward digital payments and aims to reduce the cost of banking for customers.

Branch NEFT Charges

If you initiate NEFT at a bank branch counter, the following nominal charges may apply:

These charges are typically applied only when NEFT is done at a Union Bank branch. Digital banking offers free transfers.

Union Bank of India NEFT Timings

Online NEFT Availability

Thanks to recent RBI enhancements, NEFT is available 24×7, 365 days of the year, including Sundays and bank holidays, when done through internet banking or mobile banking.

Branch NEFT Timings

• During standard banking hours
• Typically: 10:00 AM to 4:00 PM on weekdays
• Saturdays: Shorter hours (varies by branch)

NEFT is processed in multiple batches throughout the day, ensuring continuous fund flow. The actual credit time depends on when the transfer is processed relative to the batch cycle.

Union Bank of India NEFT Transaction Limit

NEFT does not have a fixed upper or lower limit set by RBI. However, Union Bank may have internal limits based on transaction mode:

Large value transfers are subject to bank rules, and limits can often be increased by request or by having a corporate account.

How to Transfer Money via NEFT in Union Bank of India

Here’s a clear step‑by‑step process to transfer funds using NEFT:

Step 1: Log in

• Visit the Union Bank of India official website: https://unionbankofindia.bank.in/
• Login to your Union Bank internet banking account or open the mobile banking app.

Step 2: Add Beneficiary

Navigate to Funds Transfer → Add Beneficiary and enter:

• Beneficiary Name
• Account Number
• IFSC Code (e.g., UBIN0XXXXX)

Submit these details. Beneficiary activation may take a short time.

Step 3: Initiate NEFT Transfer

Once the beneficiary is activated:

1. Select the beneficiary
2. Enter the amount to send
3. Choose NEFT as the transfer mode
4. Confirm the details

Step 4: Authentication

You’ll receive an OTP (One‑Time Password) or request for your transaction PIN. Enter it to complete the transfer.

Step 5: Confirmation

After successful transfer, save or download the UTR (Unique Transaction Reference) number for tracking and record‑keeping.

Key Benefits of Union Bank NEFT

• Free online NEFT transfers
• 24×7 digital availability
• Safe, secure, and RBI‑regulated system
• Easy to use via internet and mobile banking
• Works across all banks in India

Important Tips for Users

• Always verify the account number and IFSC code before initiating an NEFT transfer.
• Add beneficiaries in advance to avoid delays.
• Use online or mobile banking for faster, free transactions.
• Failed or unsuccessful transactions are usually auto‑reversed within 1–2 working days.

Conclusion

Union Bank of India’s NEFT service is a secure, convenient, and cost‑effective method to transfer funds across India. With zero charges for online transfers, flexible limits, and round‑the‑clock availability online, it is ideal for everyday banking needs.

To maximize convenience and avoid additional charges, customers are encouraged to use internet or mobile banking channels for NEFT transfers.