If you accidentally transfer money from your bank account to someone else’s account, do not panic, it can be brought back with just a few easy steps. Know what are the provisions of the bank.
Various banking facilities have made the job of MONEY TRANSFER very easy. Now you can transfer money from one account to another in a pinch. But in a hurry, you may have transferred this money to a wrong place. Find out how you can get them back.
Money will come soon
If you have entered the IFSC code wrong by mistake, then the money is automatically returned to the account. You go to the bank and report to the manager and find out which bank the IFSC code belongs to. If it is not an account of any other bank, then the money will be returned soon. But it is necessary to report to the manager.
First task – inform the bank
As soon as this happens, first of all, it is very important for you to make a complaint to your bank. The sooner you do this the better. You can call the bank on the customer care number. Or if you want, you can also go to the home branch and file a complaint. Your bank will ask you for all the details of the wrong transaction through an email or form. Account number of both the accounts, type of payment whether it was online or offline, through which portal the payment was made. You have to give all this necessary information.
May take up to 2 months
If you have transferred this money to another person’s account, then in such cases sometimes banks take up to two months. Find out from your bank which bank and in which branch the money has gone. By going to that bank you can request that they get in touch with the account holder and request for your money back.
If the person does not agree, then complain
If the person refuses to return your money to you then you should take legal action. However, the Reserve Bank says that it is the job of the account holder to transfer money responsibly. Banks are not responsible for such mistakes. Still, with all the necessary proofs, you can file a case against that person in the court.
