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Get Extra Money from Bank! UPI Payment ❌ #banks #education #upi #finance

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Издатель
RBI guidelines on Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorized Payment Systems, for failed UP transactions.

If the bank is unable to credit the beneficiary account, auto reversal (R) by the Beneficiary bank latest on T + 1 day, Rs 100 per day penalty will be paid if the delay is beyond T + 1 day.

And also during an ATM transaction, if the customer's account is debited but cash has not been dispensed, the bank has five days to credit the amount back. Failing to do so, a penalty of Rs 100 per day will have to be paid by the bank to the account holder.

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