Banking Rules: Money has been transferred to another bank account by mistake, then do these things to get refund

Banking Rules: Today, many of our tasks are incredibly simple because of the advancement in technology. The globe is connected to the information system in the current digital era. Today big economic transactions are being done through it. After the digital revolution in the country, people are doing online transactions on a large scale. Especially after the advent of UPI, there has been rapid development in the field of digital payments in the country. In such a situation, the country is rapidly moving towards becoming a cashless economy. At the same time, while doing the transaction, our money gets transferred to the wrong account. if you unintentionally moved money to another account. You don’t need to worry in that instance. Today, we’re going to explain to you how to retrieve your money back into your account.

If you transfer money to the wrong account then you should immediately visit your bank branch. After that, you need to discuss this with your bank manager.

After this, you will have to provide proof of the money transferred to the wrong account in the bank. If your money is transferred to the account of the person in the same bank branch in which you also have an account.

In this case, the bank will arbitrate. Apart from this, the bank will mail the person to whom you have transferred the money by mistake. Following this, your money will be sent within 7 days of receiving that person’s consent.

On the other hand, if you have accidentally transferred money to the account of a customer of another bank. In such a situation, you will have to talk to the officials of the bank concerned. After doing this process, the bank will transfer money to your account after taking permission from that person. If the individual does not return the money, nevertheless In such situation, you will have to file an FIR against that person. After filing a lawsuit against the offending party, your money will then be returned.

Read More: Bank Privatization: In September, this government bank will be sold. Starting the preparation, is your account evenly matched?

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