Union Bank Neft Charges !!install!! Jun 2026

I went to the branch and transferred ₹1.5 Lakhs via NEFT. What will be deducted? A: ₹17.70 (including GST) as per ₹1L–2L branch slab.

This is the industry standard for public sector banks. The fact that transactions up to ₹10,000 are free is a significant benefit for retail users who frequently split bills or send money to family. The charges for higher slabs are nominal and align perfectly with SBI and other major PSUs.

: An additional 18% GST is levied on the base service charges for offline transactions.

| Transaction Amount | Charges (Including GST) | |---|---| | Up to ₹10,000 | (Free) | | ₹10,001 to ₹1 Lakh | NIL (Free) | | ₹1 Lakh to ₹2 Lakhs | NIL (Free) | | Above ₹2 Lakhs | NIL (Free) | union bank neft charges

✅ Union Bank provides unlimited free NEFT transactions through online banking channels (mobile app & net banking).

Below is the detailed, content-ready breakdown:

Union Bank of India’s NEFT charges are . They adhere strictly to RBI guidelines, making them a safe choice for cost-conscious users. I went to the branch and transferred ₹1

Union Bank of India (UBI) offers National Electronic Funds Transfer (NEFT) as a reliable way to move funds across different bank accounts in India. While the Reserve Bank of India (RBI) has mandated that certain digital transactions be free, charges still apply for transactions initiated physically at bank branches. Union Bank NEFT Charges Overview (2026)

Here are the (as per latest applicable rates, typically revised as per RBI guidelines; please check with your branch for real-time updates).

Beneficiary Account Number (typically 16 digits for Union Bank). Bank Branch IFSC Code. This is the industry standard for public sector banks

If you tell me the you want to send or your account type , I can: Calculate the total cost including GST. Compare it with IMPS or RTGS fees for the same amount.

Additionally, while NEFT is now 24x7, customers should be aware that settlement times can vary. While the charges for digital transfers are low, the value proposition drops slightly if there is a system outage—a common grievance with public sector bank servers during peak hours.