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Wrong UPI Transfer Rules: In today’s time, for every small and big need, from tea to vegetables, electricity bill to rent. UPI The easiest way has been made. Just took out the mobile, scanned the QR and the payment was done. But this speed sometimes becomes overwhelming. One small mistake and the money gets transferred to a wrong UPI ID or account. As soon as “Payment Successful” As soon as it is seen, the heart begins to sink, will I get the money back now or not?

Does money really get stuck after wrong UPI transfer?

In most cases the answer is yes, it is difficult to get the money back. The reason for this is the design of the UPI system. UPI is designed in such a way that the money immediately comes out of the sender’s account and reaches the other person’s bank account. There is neither any cooling period nor the option of auto reversal. As soon as the transaction is successful, the money is legally considered to be the receiver’s. Even if it is your fault, the bank cannot deduct money from anyone’s account without permission.

Why can’t the bank return your money?

The rule is very clear, it is the responsibility of the sender to check the correct details before sending the money. If a mistake is made, the money can be returned only if the other person himself consents. Banks or UPI apps are helpless in this case, because the law does not allow forcibly withdrawing money from someone’s account.

What is the first thing to do after wrong UPI transfer?

If by mistake the money has gone to the wrong account, then first of all do not panic. Immediately go to the same UPI app through which you made the payment. There you will get the option of Dispute, Wrong Transfer or Raise a Complaint.

As soon as the complaint is filed, your bank contacts the receiver’s bank. The receiver is told that money has been credited to his account in error and is asked whether he is willing to return the amount.

What if the receiver refuses?

If the other person agrees to return the money, the amount can be returned within a few days. But if he refuses, then even the bank cannot help you much. In such a situation, there is definitely a way to complain to the police, but even there there is no sure guarantee of getting the money.

Bitter but important truth of UPI

When UPI works properly, it makes life easier, but a small carelessness can cause big harm. The truth of the rules is that money transferred by mistake cannot be taken back without the consent of the receiver.

The easiest way to avoid mistakes

Always check the receiver name, UPI ID and amount twice before making payment. A hasty click can cost you your hard-earned money.