Do you need to transfer funds to a friend but don’t have the time to go to the bank? NEFT is exactly what you need. You can use the Union Bank of India NEFT service to transfer funds directly from your bank to anyone’s bank account – from anywhere, anytime!
Let’s see how to use the Union Bank NEFT, timings, limit, charges and more.
Union Bank NEFT Form
NEFT is an electronic mode of transferring funds which happens between the sender’s bank account and the beneficiary’s bank account with RBI as the intermediary.
This service can be availed of using the Union Bank netbanking services or the mobile banking services, likewise. However, if you still prefer going to the bank and transferring funds at the bank using NEFT, download the form given below, fill it and submit at the bank. You can choose to transfer in cash or via your bank account. The amount will be transferred within 4 hours (usually no more than 2 working hours).
Union Bank NEFT Charges
If you choose to transfer money using NEFT online, you will be incurred with zero NEFT charges by the bank. However, if you use the Union Bank of India NEFT form and deposit at the bank, it will fetch the below-mentioned NEFT charges:
NEFT Amount | Union Bank NEFT Charges |
Rs 10,000 | Rs 2.50 |
Rs 10,001 – Rs 1 lakh | Rs 5.00 |
Above Rs 1 lakh – Rs 2 lakhs | Rs 15.00 |
Above Rs 2 lakhs | Rs 25.00 |
Please note that the above charges are exclusive of GST.
Click here for GST Rates, 2023.

Union Bank NEFT Timings
Consider the following-mentioned points with respect to the Union Bank of India NEFT timings, online and at the bank, both:
Union Bank NEFT – Online
- Union Bank NEFT timings via NetBanking or Mobile Banking: 24×7 – round the year
- Amount is debited instantly from the sender’s account
- It usually takes about 2 hours to reflect the balance in the beneficiary’s bank account
- There are 48 half-hourly batches in 1 working day to carry out the NEFT transaction requests
Union Bank NEFT – Offline
The following are the Union Bank NEFT timings for carrying out NEFT transfers at the bank:
- Monday to Friday: 10:00 AM to 4:00 PM
- Working Saturdays: 10:00 AM to 1:00 PM
Please check the Union Bank timings for detailed information.
Also check NEFT processes for other banks from the table below:
Union Bank NEFT: FAQs
There is no NEFT limit set by the bank. However, if you do not have a bank account, you can only transfer an amount of Rs 50,000 in cash via Union Bank NEFT form, at the bank.
There are zero Union Bank NEFT charges when using the online mode. However, it ranges from Rs 5 to Rs 25 (GST extra) when you do it at the branch.
No. RTGS is faster than NEFT and is used for an amount of Rs 2 lakhs or more. But, that’s not the cane with NEFT. There is no limit and the transfer can take anywhere from 30 minutes to 4 hours to reflect in the beneficiary’s bank account.
All NEFT requests are regulated and processed by the Reserve Bank of India.