New Delhi: Banking Services: In online banking, money is often transferred to the wrong account. The hassles related to UPI, net banking, mobile wallet and banking transactions have come down significantly. Now money transfer is done by just tapping on a mobile. But it often involves accidentally transferring money to the wrong number.
for baking Efforts are being made. But the difficulties associated with the new features have also increased. As is often the case when transferring money online, the money is transferred to another bank account. What would you do if you accidentally transferred money to someone else’s account? How do you get that money back? If this happens to you too, then know that you can get this amount back. Let’s know this process.
Notify the bank immediately:
If this happens to you, as soon as you learn that your money has been transferred to someone else’s account, notify your bank immediately. Call customer care and tell them the full story. The bank will ask you for all the information over email. Please mention the transaction date, time and your account number and also the account to which the money was transferred by mistake.
If the funds have been transferred to the wrong account, it may take some time for the funds to be returned. First you go to the branch and inform the manager. Because you can find out from your bank that in which city branch the money has been transferred to which account. Talk to the branch from which you can try to get your money back. On the basis of your notice, the bank will notify the person in whose account money has been transferred by mistake. The bank will then seek permission from that person to recover the wrongly transferred money.
immediate filing of the case
If the person refuses to return the account to which the money has been transferred by mistake, a case can be filed against him in a court of law, however in case of non-refund, this right is subject to violation of RBI rules . It is the responsibility of the linker to provide correct account details of the beneficiary as per RBI guidelines. If for any reason the linker makes a mistake, the bank will not be responsible.
RBI instructions for banks
When you transfer money from one bank account to another, you get a message. It also states that if the transaction is incorrect, please send this message to this number. RBI has also directed banks to take immediate action if money gets deposited in someone else’s account by mistake. The bank is responsible for returning your money from the wrong account to the correct one.