Nowadays everyone is doing online transactions. Its popularity has also increased a lot because it is very easy and also convenient. But that's fine as long as you're transacting carefully.
Nowadays everyone is doing online transactions. Its popularity has also increased a lot because it is very easy and also convenient. But that's fine as long as you're transacting carefully. If there is a slight mistake and money will be gone into someone else's account by mistake.
Nowadays, the trend of Phone-pay, Google-pay, Paytm, etc. has also increased a lot, because in this you do not need to go to the bank. There is no need to even stand in the ATM.
You can send money to anyone from your mobile. There is a saying that what is convenient, is equally painful if misused or neglected. This also applies in this case.
If the Money went to the Wrong Account, Inform the Bank immediately:
If you have sent money to the account of an unwanted person by mistake, the first thing you have to do is to contact your bank. The bank will have to tell by email or WhatsApp how much money you have sent in which account at what time.
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After this, the bank management can only help you. The bank cannot guarantee getting your money back. If the money sent is in the same bank, the bank manager will request that the account holder return your money.
You may also have to do this work, as the bank is not responsible for it. Will have to talk to the account holder himself. The bank cannot pressurize him.
If the account holder is from another bank, then you have to go to the branch of that bank and keep your point. If the recipient of the money agrees, then only your money will come. By the way, as the last option, you may have to make rounds of the court.
It will take Seven Days to get the Money Back:
It may take you a long time after going through the legal process, so try to make sure that the account holder agrees to return the money. Even if he has agreed to return the money, it may take up to seven days for the money to arrive in your account.
These seven days will be the business days of the bank, i.e. the period of opening of the bank should be seven days. Bank holidays will not be counted in these seven days.