What to do if IMPS,NEFT,UPI transferred to wrong account

You will have to reach out to that person to reverse. I don’t think bank will do.

In some post here i saw bank did help in reversing but it was something else i think

Once I transferred around 1300 Rs. to wrong bank account from Indusind to ICICI contacted ICICI they said this account has negative balance the money you sent will be deducted as MAB charges customer is not in our touch nothing can be done
I wonder if wrong upi transfers can be reversed?

One can approach to his bank branch and explain the situation. Upon receiving the incident in writing they can email to beneficiary bank branch, so the receiving bank can contact the beneficiary customer and ask to refund the amount.
But it all depends on …….
firstly bank staff willing to do email to other bank.
Secondly beneficiary bank staff willingness to contact him.
Lastly the beneficiary willingness to return the money.
But in this whole process important factor is the receiving beneficiary have mobile number registered to account so the contact is made.

Instead of this hassle double check beneficiary details before doing transfer.
Firstly send small amount like 1/- rupees upon successful transfer do remaining amount transfer.

Possible but time consuming,

Happened with me.
Received amount from unknown source by upi

I returned the same in night
But before return he already put complaint in his bank .

Amount hold by my bank then.

Day before yesterday one person wrongly transferred Rs 80k to my gpay no. I wondered how these much amount credited to me. After almost 2 hours he called me that by mistake he transferred to me instead of some other person. I said ok no issue give me your upi i will return to you. But to my surprise he said no i don’t it now. I will inform you after 2-3 days whom to transfer. I denied that and refunded to same no

Give request in bank in written

My cousin works in a psu bank as a senior manager and when I had asked her the same question, she told it completely depends on the bank managers whose assisting you and the co-ordination of the person whom you have wrongfully transferred; The hardest use case is when your bank and the person whom you have sent the money is a different bank – in this case it’s nearly impossible since it needs hopping permission from 1 bank to another which neither banks prefer; The second use case is when both banks are same, but different branches – in this case it’s possible, takes time, but if employee is ready to assist and the other person simply doesn’t “reject/decline” the offer, it can be reversed; Finally the easiest use case is when both the bank and branch happens to be same (rare, but does happens) – in this case, the bank employees themselves can reverse the transaction pretty much once they are fine with the transaction and both parties.
This info was wrt imps/neft only; for upi not sure if it’s the same or not.
Also note that both the bank and the other party is in no way obligated to co-ordinate with you in getting it reversed; it’s our responsibility to make sure it’s the right account and the bank/person has every right to simply out reject your claim… but good employees and people do exist

Legally its possible you should get back your amount, beneficiary has to return it no other choice.
Many cases with large amounts were reversed but for small amounts nobody co-operates
https://timesofindia.indiatimes.com/city/coimba...

Just contact your bank and file a chargeback from your bank.

you will get refund within 1 or 2 weeks.

A few years ago, one client transferred about Rs.4L in our account by mistake as name of other company and ours were quite similar.
The client came to know after a few hours. She called me up … I did small verification and confirmed the things.
Next day, I issue her full refunds

Someone wrongly transferred money to my paytm upi id after 2_3 days I called him and refunded

@abhishek012

Sorry for bumping this old thread, but is it possible to file chargeback for an IMPS transaction?
I transferred 5k as token to a landlord but later he denied renting the house, he will most probably return the money soon. But thought to ask just in case.