UPI Wrong Transaction: How to get back money sent to wrong account through UPI? Keep these four things in mind
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UPI Transactions: Be prepared if you ever need to request a reversal of a UPI transaction. You should take immediate action to reverse the UPI transaction.
Sometimes while making payment through Unified Payment Interface i.e. UPI, the number is entered wrong in haste or the wrong code is scanned, due to which the money goes to the wrong account. Due to lack of information, it becomes difficult to get this amount back. It is beneficial for you to know that such money sent to the wrong account can be recovered. This method is quite easy.
How to reverse a wrong transaction through UPI?
For this, you should understand the conditions related to reverse transaction under which you can request to get your money back. There are certain situations in which you can request a refund. It is important to report UPI transaction issues immediately because of the time sensitivity. By keeping a few important requirements in mind, you can ensure that you are prepared if you ever need to request a reversal of a UPI transaction. To reverse a UPI transaction, you should take immediate action and contact your bank or UPI service provider.
First of all, if you have accidentally sent money to the wrong UPI ID or mobile number, you can request to return it. It is important to note that once the transaction is successful, money cannot be withdrawn from it. Therefore, to avoid any problem, double-check the information filled before doing UPI transaction.
Second, if you notice any unauthorized transactions in your account, it is important to immediately report it to your bank or UPI service provider. If you have made any UPI transaction that you want to reverse, the first step would be to contact your bank’s customer support service or UPI service provider.
Third, remember that when using UPI, it is your responsibility to keep records of transactions, be vigilant, keep your UPI PIN safe and double-check the information of the person you are sending money to. You can reverse only those UPI transactions which are pending or failed. Successful infection cannot be reversed.
Fourth, if the transaction meets the reversal conditions and your bank or UPI service provider approves, only then the process of UPI auto-reversal will begin. Once the UPI auto-reversal process is complete, you will receive confirmation in this regard from your bank or UPI service provider. If the reversal is successful, the money will be credited back to your account.
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