City Union Bank RTGS Charges, Timings, Limits & How to Transfer

In today’s fast‑moving financial world, the ability to transfer large sums of money instantly is essential for both individuals and businesses. One of the fastest and most secure ways to transfer high‑value funds within India is through RTGS (Real Time Gross Settlement). City Union Bank, a trusted private-sector bank with a strong digital banking platform, offers an efficient RTGS service that is fast, secure, and user‑friendly.

In this article, we’ll walk you through everything you need to know about City Union Bank RTGS charges, timings, transaction limits, and how to transfer money using RTGS.

What Is RTGS?

RTGS stands for Real Time Gross Settlement — an electronic funds transfer system regulated by the Reserve Bank of India (RBI). RTGS enables immediate transfer of funds from one bank account to another on a transaction‑by‑transaction basis, without netting with other transactions.

Unlike NEFT, which processes transactions in batch cycles, RTGS settles each payment in real time, making it ideal for high‑value and urgent transfers. Fund transfers via RTGS are credited immediately to the beneficiary account once authorized.

City Union Bank RTGS Charges

City Union Bank has a straightforward fee structure for RTGS services, particularly focusing on digital banking channels.

Online RTGS Charges

• Internet Banking: Free
• Mobile Banking App: Free

City Union Bank does not charge any fees for RTGS transactions initiated through internet banking or the mobile banking app. With online banking becoming the preferred approach for many customers, this free‑of‑cost policy makes RTGS more convenient and cost‑effective.

Branch RTGS Charges

If you initiate RTGS at a bank branch counter, nominal charges apply based on the amount transferred. These charges are typically exclusive of GST (Goods and Services Tax):

GST will be added where applicable.

Although offline charges are minimal, most users prefer digital RTGS transfers — not just for the free transaction but also for the added convenience and speed.

City Union Bank RTGS Timings

Online RTGS

Thanks to the RBI’s extended operational policy, City Union Bank allows RTGS transfers 24×7, 365 days a year, including Sundays and bank holidays through internet or mobile banking. This round‑the‑clock access ensures that large fund transfers can be initiated any time — even outside regular banking hours.

Branch RTGS

RTGS requests made at a bank branch are accepted during normal banking hours:

• Monday to Friday: Typically 10:00 AM – 4:00 PM
• Saturday: Shorter hours (may vary by branch)

Once an RTGS request is submitted—whether online or offline—the settlement occurs instantly if all details are correct.

City Union Bank RTGS Limits

RTGS is designed for high‑value transactions, and the RBI mandates a minimum amount for RTGS transfers:

What This Means

• Minimum Transfer Amount: As per RBI regulations, RTGS can only be used for transfers of ₹2 lakh or more.
• Maximum Limit: There is no RBI‑prescribed upper limit for RTGS. City Union Bank may set internal caps for specific channels or customer segments, but generally, RTGS supports large‑value transfers with ease.

This minimum threshold helps distinguish RTGS from other options like NEFT and IMPS, which are more suited for low‑value transactions.

How to Transfer Money via RTGS in City Union Bank

Here’s a step‑by‑step guide to help you complete an RTGS transfer smoothly:

Step 1 — Log In

• Visit the official City Union Bank website: https://cityunionbank.bank.in/
• Login to your Internet Banking account or open the City Union Bank Mobile App.

Step 2 — Add Beneficiary

Go to Funds Transfer → Add Beneficiary/Manage Payee and enter:

• Beneficiary Name
• Account Number
• IFSC Code (City Union Bank IFSC starts with CIUB0…)

Submit and save. Beneficiary activation may take a short time depending on bank security protocols.

Step 3 — Initiate RTGS

Once the beneficiary is active:

1. Navigate to Funds Transfer → RTGS
2. Select the beneficiary
3. Enter the transfer amount (minimum ₹2 lakh)
4. Add optional remarks

Step 4 — Authenticate

You’ll receive an OTP (One‑Time Password) or be prompted to enter your transaction PIN. Enter it to authorize the transfer.

Step 5 — Confirmation

After the transfer is completed, note or save the UTR (Unique Transaction Reference) number for tracking and future reference.

Benefits of RTGS with City Union Bank

• Instant settlement: Funds reach the beneficiary immediately
• Free online transfers: No charges via digital channels
• Round‑the‑clock availability: Including holidays and weekends
• Ideal for high‑value payments: No RBI‑mandated maximum limit
• Secure and RBI‑regulated: Safe and reliable

Important Tips for Users

• Always double‑check the beneficiary’s account number and IFSC code before confirming the transfer.
• Add beneficiaries in advance to avoid delays in urgent transfers.
• Use internet or mobile banking for faster, secure, and free transfers.
• Keep your UTR number handy for tracking or reconciliation.

Conclusion

City Union Bank’s RTGS facility is a fast, secure, and cost‑effective way to transfer high‑value funds within India. With zero charges for online transfers, real‑time settlement, and 24×7 availability, RTGS is an excellent choice for urgent or large payments.

For the best experience, customers are encouraged to use internet or mobile banking to initiate RTGS transfers — quick, convenient, and reliable whenever you need it.