However, after transferring money to the wrong account, the biggest question in our mind is whether our money can be returned or not? Now the State Bank of India (SBI) has advised the customers in this matter.

SBI customer had to face the problem

Recently a customer of State Bank of India (SBI) faced a similar problem. After which he complained about this on the official Twitter handle of SBI. Tagging SBI, the customer wrote that TheOfficialSBI I have mistakenly sent my money to a wrong account number. I have given all the details to my branch as told by the helpline. Still my branch is not giving any information regarding reversal.

What did SBI say

In response to this tweet, SBI said that in cases where a customer has sent money to a wrong account, the home branch will initiate the follow up process with other banks without any penalty. Please note that if the wrong beneficiary account number is mentioned by the customer, the home branch of the customer will initiate the follow up process with other banks without any financial liability. In case you are facing any issue in this regard at the branch, please lodge a complaint under https://crcf.sbi.co.in/ccf. And tell the details of your problem in the given comment box. The concerned team will look into it.

What advice did SBI give

While advising its customers, SBI said that we request the customers to check all the information entered correctly before doing digital transactions. If any mistake is made by the customer, the bank will not be responsible for it. It is important to double check the beneficiary account number and IFSC code before making any payment. This can help in avoiding any kind of mistake.

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During the last few years, the prevalence of digital banking has increased significantly in the country. Easy availability of smartphones and internet has given a boost to digital banking. UPI has taken it to far-flung villages. This has made many banking operations especially money transactions possible in a jiffy. However, some dangers have also increased with this. There was a mistake of one digit that the money goes to someone else. Due to this many people have to suffer loss.

This precaution will reduce the mistake

If money goes somewhere else by mistake, it can be recovered if action is taken in time. Today we are going to tell you this. Before that, let us talk about some precautions, so that such mistake does not happen. Please double check the details before sending money anywhere. If you are sending through UPI, then after scanning the QR code or entering other details, the name of the account holder appears, confirm it. By doing this, the chances of making a mistake will be reduced and you will get rid of the later problems.

Must check email and message

After transferring money in any way, the message and email of money deduction comes. After transferring the money, do check the message and email. With this, you can immediately know whether the money has gone to the wrong account. If you have mistakenly sent money elsewhere, inform your bank without delay.

For this, the customer care of the bank can be called. The bank can ask you all the information regarding this on email. In the email, inform the bank about the details like transaction number, amount, account from which money was deducted, money transferred to which account by mistake, date and time of transaction.

RBI has done this measure

For such a situation, RBI has taken a big work measure. Whenever you do a transaction, in the message or email you get to inform you about it, banks ask whether you have done this transaction by mistake. The Reserve Bank has made it mandatory to ask this. Along with this, it is also necessary to provide a number or email in that message.

If the money is transferred by mistake or goes to the wrong account, then immediately complain on that number or email. This is the easiest way to get back the money deducted by mistake.

This precaution will reduce the mistake

If money goes somewhere else by mistake, it can be recovered if action is taken in time. Today we are going to tell you this. Before that, let us talk about some precautions, so that such mistake does not happen. Please double check the details before sending money anywhere. If you are sending through UPI, then after scanning the QR code or entering other details, the name of the account holder appears, confirm it. By doing this, the chances of making a mistake will be reduced and you will get rid of the later problems.

Must check email and message

After transferring money in any way, the message and email of money deduction comes. After transferring the money, do check the message and email. With this, you can immediately know whether the money has gone to the wrong account. If you have mistakenly sent money elsewhere, inform your bank without delay.

For this, the customer care of the bank can be called. The bank can ask you all the information regarding this on email. In the email, inform the bank about the details like transaction number, amount, account from which money was deducted, money transferred to which account by mistake, date and time of transaction.

RBI has done this measure

For such a situation, RBI has taken a big work measure. Whenever you do a transaction, in the message or email you get to inform you about it, banks ask whether you have done this transaction by mistake. The Reserve Bank has made it mandatory to ask this. Along with this, it is also necessary to provide a number or email in that message.

If the money is transferred by mistake or goes to the wrong account, then immediately complain on that number or email. This is the easiest way to get back the money deducted by mistake.

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Due to transfer of money through digital medium through UPI, people’s life has become very easy. Now people are free from the hassle of carrying cash along with credit/debit cards. UPI Transaction in Wrong Account: Due to transfer of money through digital medium through UPI, people’s life has become very easy. Now people are free from the hassle of carrying cash along with credit/debit cards.

Let us tell you that if you have transferred money from UPI platforms like Google Pay, PhonePe or Paytm, then you can get them again. If your money has been transferred to a wrong account, then keep in mind that you should take a screenshot of such payment immediately. This will make it easier for you to register your complaint. Along with this, keep the payment message and ID details safe as well.

After this, register a complaint by going to the app from which the money has been transferred to the wrong ID. If the complaint is not being redressed there, you can complain by going to the bank.

Can help you get your money back in the bank. If the person in whose account the money has gone refuses to give the money, then you can complain about it to the Lokpal. Apart from this, you can also register your complaint by visiting the website of NPCI.

The post UPI Transaction in Wrong Account! Money has been transferred in the wrong ID, then do this work immediately first appeared on Rightsofemployees.com.