Money Mistakenly Sent To Wrong UPI ID/Bank Account? Know How To Get It Back

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Last Comment 2022-04-11

2021-07-06

Money Mistakenly Sent To Wrong UPI ID/Bank Account? Know How To Get It Back: Know how to get your money back if it has been transferred to the wrong account by mistake. Contactless payment has been encouraged during the Covid-19 pandemic. People now prefer to pay through UPI or wallet or account instead of cash. But it is often seen that sending money through digital modes can result in money being deposited in the wrong account. People believe that their money can't be returned once the money is credited to another beneficiary's account but this is not true. If you have transferred money to another person's account by mistake, then you will get back your money. There is a bank process involved and once that is completed customers can get the money back. Let's know how the money transferred by mistake can be recovered. Follow these steps if money is mistakenly transferred to another account - Step 1: If you have transferred money to another person's account by mistake, then first go to your bank to know in whose account the money has gone. Step2: Now, contact the bank of the person in whose account the money has been transferred. Step 3: You can get your money back by providing proof that the money was transferred by mistake. According to the Reserve Bank, if money is withdrawn without your permission, then you will have to inform the bank about this incident within 3 days. Undertaking this step can will allow the bank to send the money back to your account.

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https://www.desidime.com/comments/permalink/7766856

161508-v2.0

2021-07-06

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What if I take cash from some stranger (who came to deposit) at ATM (BOLD RECYCLER in statements) for paying him via upi//any online transfer and later claim that I sent money to wrong person by mistake.?

(I usually do this to skip* queue and get cash fast)

There should not be reversals like you have mentioned because at entering VPAs you are given name to cross-check if it is the correct person/merchant you want to make payment to… by proceeding to send you are actually confirming that the name is correct…

Now how can you claim that the payment was done by mistake.?

https://www.desidime.com/comments/permalink/7766916

andromeda

2021-07-06

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Step 3: You can get your money back by providing proof that the money was transferred by mistake.

So how do we prove? Or just a written complaint stating it is done by mistake?

https://www.desidime.com/comments/permalink/7766968

abhishek012

2021-07-06

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Just send written complaint, you send money to wrong UPI ID by mistake.

Some banks like Paytm payments bank send you online UPI chargeback form for UPI money transfer to wrong address. Print out and fill the form, scan and send online to Paytm payments bank.

@ULYSSES

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https://www.desidime.com/comments/permalink/7766929

ULYSSES

2021-07-06

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“Step 3: You can get your money back by providing proof that the money was transferred by mistake.”

How can one prove that it was done by mistake after having the banking name displayed before entering upi pin?

https://www.desidime.com/comments/permalink/8373811

manikantareddy1435608

2022-04-11

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by mistake i transfer money wrong car loan number UPI PAYMENT HOW TO REFUND MY MONEY

https://www.desidime.com/comments/permalink/8373868

abhishek012

2022-04-11

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You read the full post and still asking.

UPI Chargeback from your bank.

https://www.desidime.com/comments/permalink/8374136

irfpat

2022-04-11

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whenever i transfer money thru online(imps, upi, rtgs, etc.,) to anyone else first i’ll transfer minimum amount i.e., rs. 5 or 10 to the receiver account and then confirm whether it was received or not. if received then transfer the remaining amount to the receiver. i think this is the safest way to transfer. i am following this process for years.