Question: What Happens If UPI Transaction Fails?

What if amount is debited but transaction failed?

If transaction at ATM fails but your account is debited then the card issuing bank is required to resolve your complaint by re-crediting your account within 7 working days from the date of complaint..

What happens if online transaction failed but money debited?

First, check your bank statement to see if the money has been reversed, if not yet reversed click on `Raise Dispute` under transaction history section of the app. As it requires the bank to manually settle the funds, allow 7 working days for the amount to get reversed to your bank account.

Can we track UPI transaction?

You can check your transaction status using “UPI Transaction history” button inside “Account Services” on iMobile. In Pockets, navigate to the “UPI” section and choose “UPI Transaction History”. Choose your VPA (if you have multiple) and enter the date range of interest to view your transactions.

What to do if UPI transaction failed?

You can do a limited number of UPI payments within 24 hours. Most of the banks put a limit of 10 daily UPI payments. In case, you have exceeded the daily limit, we would request you to retry after 24 hours or you can try making a payment using a different Bank account.

Why do UPI transactions fail?

UPI transaction can fail due to multiple reasons most likely due to connectivity issues to the banking system, incorrect Payment Address entered or wrong UPI PIN entry. If your transaction fails, please try again. If it doesn’t work, please contact customer support.

Can UPI transaction be reversed?

Funds transferred once to a person cannot be claimed or reversed by Paytm. Various regulatory agencies make it very clear that no-one can claim or reverse such funds and only the account owner can give consent to its bank to withdraw such funds. … Bank account linked through UPI to other bank accounts / VPA.