Explorer

Tips: Retrive Your Money Back In Case You Accidentally Transfer Money To A Wrong Account

Over the past few years, there have been several incidents where people have transferred money to wrong or fraudulent accounts. These incidents too are examples of online fraud.

New Delhi: We live in a digital age, all manual processes are gradually going online. This also includes money transfer between accounts, which has been made quite easy thanks to the internet and digitisation.

However, we make mistakes while even when everything is digitalized. Like we may end up transferring money to the wrong account while doing online transactions.

ALSO READ: Relief To EPFO Members! Deadline To Link UAN With Aadhaar Card Extended

Here's how you can get your money back

  1. If you have accidentally transferred money to another person's account, you first need to visit your bank and find out to whose account has been transferred to.
  2. You can then contact the bank where this account is present in.
  3. You can get your money back by providing proof that the money was transferred by mistake.

According to the Reserve Bank, if money is withdrawn without your permission, you need to inform the bank about this incident within 3 days. Doing this can save your money. The bank would transfer the money back to your account.

A rise in the occurrence of such incidents: 
For some time now, many such incidents have come to light where money has been transferred to wrong or fraudulent accounts. These incidents too are examples of online fraud. There has been a rise in the number of fraudulent events where people have been called by spammers posing as bank officials, especially during the COVID-19 pandemic.

 

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

IND vs SA: Sanju Samson's Consecutive T20I Century Powers India To 61-Run Win Over South Africa In Series Opener At Durban
IND vs SA: Sanju Samson's Consecutive T20I Century Powers India To 61-Run Win Over South Africa In Series Opener At Durban
J&K CM Omar Says People Found Their Voice Through Special Status Resolution; BJP Threatens To Run ‘Parallel Govt’
J&K CM Omar Says People Found Their Voice Through Special Status Resolution; BJP Threatens To Run ‘Parallel Govt’
Meerut: 2 Women Booked For Burning 5 Stray Puppies Alive, Probe Underway
Meerut: 2 Women Booked For Burning 5 Stray Puppies Alive, Probe Underway
Chhattisgarh: 3 Naxalites Killed In Bijapur Encounter, Total Of 192 Eliminated In Bastar So Far
Chhattisgarh: 3 Naxalites Killed In Bijapur Encounter, Total Of 192 Eliminated In Bastar So Far
Advertisement
ABP Premium

Videos

Marshals Remove BJP Legislators from J&K Assembly Amidst Growing TensionsAnchor Silences NC Spokesperson Over Article 370 and 35A Debate | ABP NewsJ&K Assembly: Dramatic Images Show BJP and Ruling Party MLAs in Heated ScuffleClash in J&K Assembly: Cameras Capture Khursheed Ahmad Sheikh’s Scuffle with BJP MLAs

Photo Gallery

Embed widget