Hey,
I want you to know that RBI guidelines on wrong NEFT transfer say that if a person has transferred money to the wrong bank account, then he can get his money back into his account within 24-48 working hours.
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What if NEFT Goes to Wrong AccountThe RBI’s notification titled "Electronic Payment Products – Processing Inward Transactions Based Solely on A/C info" issued in October 2010 explains that "banks are generally expected to match the account number and name of the beneficiary before affording credit to the A/c." So, if you’ve transferred money to the wrong bank account, you can request your bank for a refund reminding them of the RBI guideline.
Now you know what happens if wrong account number in NEFT.
What You Should do if You Have Transferred Money to the Wrong Bank AccountTake a screenshot of the transaction right away and reach out to your bank. Provide them the screenshot of the transaction and provide them your bank account details as well as your beneficiary’s bank account details. If the amount was credited to a different beneficiary account that has the same name as your intended beneficiary, you’ll have to give proof to show that the transfer was not correct. However, I advise you to put the wrong money transfer complaint in writing and get a receiving of it from the bank for future purposes.
Now you know the answer to your query on “what if NEFT done to wrong account”
Read more:
What are the Charges for NEFT?
What is the Limit of NEFT?
How Much Time It Takes for NEFT Transfer ?
What is the Difference Between NEFT and RTGS?
This is all about the RBI guidelines on wrong NEFT transfer.
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Authors Of The Question
What if NEFT goes to wrong account?
Farhan
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2 Year
2022-08-04T18:08:55+00:00 2022-08-04T18:43:32+00:00Comment
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