Is it possible to recover wrongly transferred amount through IMPS, NEFT, UPI etc
If anyone recovered please do share your experience
You will have to reach out to that person to reverse. I don’t think bank will do.
In some post here i saw bank did help in reversing but it was something else i think
Once I transferred around 1300 Rs. to wrong bank account from Indusind to ICICI contacted ICICI they said this account has negative balance the money you sent will be deducted as MAB charges customer is not in our touch nothing can be done
I wonder if wrong upi transfers can be reversed?
One can approach to his bank branch and explain the situation. Upon receiving the incident in writing they can email to beneficiary bank branch, so the receiving bank can contact the beneficiary customer and ask to refund the amount.
But it all depends on …….
firstly bank staff willing to do email to other bank.
Secondly beneficiary bank staff willingness to contact him.
Lastly the beneficiary willingness to return the money.
But in this whole process important factor is the receiving beneficiary have mobile number registered to account so the contact is made.
Instead of this hassle double check beneficiary details before doing transfer.
Firstly send small amount like 1/- rupees upon successful transfer do remaining amount transfer.
goldi wrote:One can approach to his bank branch and explain the situation. Upon receiving the incident in writing they can email to beneficiary bank branch, so the receiving bank can contact the beneficiary customer and ask to refund the amount.
But it all depends on …….
firstly bank staff willing to do email to other bank.
Secondly beneficiary bank staff willingness to contact him.
Lastly the beneficiary willingness to return the money.
But in this whole process important factor is the receiving beneficiary have mobile number registered to account so the contact is made.Instead of this hassle double check beneficiary details before doing transfer.
Firstly send small amount like 1/- rupees upon successful transfer do remaining amount transfer.
Bank staff is not cooperative this much in their typical day to day work forget mailing and all the hassle they will deny or give some excuse
Possible but time consuming,
Happened with me.
Received amount from unknown source by upi
I returned the same in night
But before return he already put complaint in his bank .
Amount hold by my bank then.
Day before yesterday one person wrongly transferred Rs 80k to my gpay no. I wondered how these much amount credited to me. After almost 2 hours he called me that by mistake he transferred to me instead of some other person. I said ok no issue give me your upi i will return to you. But to my surprise he said no i don’t it now. I will inform you after 2-3 days whom to transfer. I denied that and refunded to same no
drupal wrote:Once I transferred around 1300 Rs. to wrong bank account from Indusind to ICICI contacted ICICI they said this account has negative balance the money you sent will be deducted as MAB charges customer is not in our touch nothing can be done
I wonder if wrong upi transfers can be reversed?
that is why UPI is safe in terms of payee varification as it tells the name of account holder after entering the UPI id.
shreyu2105 wrote:Day before yesterday one person wrongly transferred Rs 80k to my gpay no. I wondered how these much amount credited to me. After almost 2 hours he called me that by mistake he transferred to me instead of some other person. I said ok no issue give me your upi i will return to you. But to my surprise he said no i don’t it now. I will inform you after 2-3 days whom to transfer. I denied that and refunded to same no
u did rhe right thing. he might be some havala person who is transferring his black money.
shreyu2105 wrote:Day before yesterday one person wrongly transferred Rs 80k to my gpay no. I wondered how these much amount credited to me. After almost 2 hours he called me that by mistake he transferred to me instead of some other person. I said ok no issue give me your upi i will return to you. But to my surprise he said no i don’t it now. I will inform you after 2-3 days whom to transfer. I denied that and refunded to same no
You did it right.
That’s something new I have heard. Sounds interesting definitely sender sounds fishy else why would someone will not immediately take back such a big amount if it was wrongly sent. Sounds so genuine would definitely take someone into trap easily.
Sometimes I wonder these people come up with so much new ideas I can’t imagine how good could have done if put in right direction.
Give request in bank in written
gauravnandwanii wrote:Possible but time consuming,
Happened with me.
Received amount from unknown source by upiI returned the same in night
But before return he already put complaint in his bank .Amount hold by my bank then.
You meant your account put on hold ? debit freeze?
insta_vicky wrote:Use Paytm UPI… There is only 1/100 failures rate… Gpay is total shit with their UPI system
Gpay is worst, Max. transactions getting stucked these days. Stopped using Ace on GPay for mere 5% , saving 100% from getting stucked
My cousin works in a psu bank as a senior manager and when I had asked her the same question, she told it completely depends on the bank managers whose assisting you and the co-ordination of the person whom you have wrongfully transferred; The hardest use case is when your bank and the person whom you have sent the money is a different bank – in this case it’s nearly impossible since it needs hopping permission from 1 bank to another which neither banks prefer; The second use case is when both banks are same, but different branches – in this case it’s possible, takes time, but if employee is ready to assist and the other person simply doesn’t “reject/decline” the offer, it can be reversed; Finally the easiest use case is when both the bank and branch happens to be same (rare, but does happens) – in this case, the bank employees themselves can reverse the transaction pretty much once they are fine with the transaction and both parties.
This info was wrt imps/neft only; for upi not sure if it’s the same or not.
Also note that both the bank and the other party is in no way obligated to co-ordinate with you in getting it reversed; it’s our responsibility to make sure it’s the right account and the bank/person has every right to simply out reject your claim… but good employees and people do exist 
Ash-D wrote:You did it right.
That’s something new I have heard. Sounds interesting definitely sender sounds fishy else why would someone will not immediately take back such a big amount if it was wrongly sent. Sounds so genuine would definitely take someone into trap easily.
Sometimes I wonder these people come up with so much new ideas I can’t imagine how good could have done if put in right direction.
Yes, i feel some fishy so immediately refunded. But if something is planned then why anyone should send money to unknown. Their full money might be at risk.
Legally its possible you should get back your amount, beneficiary has to return it no other choice.
Many cases with large amounts were reversed but for small amounts nobody co-operates
https://timesofindia.indiatimes.com/city/coimba...
shreyu2105 wrote:Yes, i feel some fishy so immediately refunded. But if something is planned then why anyone should send money to unknown. Their full money might be at risk.
He may be a genuine person but after knowing your honesty he may have tried to forward money to intended recipient rather than taking it back again from you in his account
gauravnandwanii wrote:Not full account, only that amount i received from unknown source
How hold was removed then? Which bank?
drupal wrote:How hold was removed then? Which bank?
I too complained for the same on Level -1, but my complained was rejected.
Again complained on Level -2, they removed the hold.
My is kotak bank, don’t know about other person one.
If i haven’t complained it, then they will deduct the amount after some time period
gauravnandwanii wrote:I too complained for the same on Level -1, but my complained was rejected.
Again complained on Level -2, they removed the hold.
My is kotak bank, don’t know about other person one.
If i haven’t complained it, then they will deduct the amount after some time period
Did they asked you your refund transaction proof?
shreyu2105 wrote:Yes, i feel some fishy so immediately refunded. But if something is planned then why anyone should send money to unknown. Their full money might be at risk.
Yeah could be a genuine case too.
But currently in pandemic lot of scammers doing fraud in name of remdisivir, Oxygen, ventilator anything possible.
Taking money directly into their bank can get them caught easily. So there’s a chance this is a way to not get traced.
shreyu2105 wrote:May be, but i feel that in future he may complain and asked refund so refunded to same source
Right decision 👍
Ash-D wrote:Yeah could be a genuine case too.
But currently in pandemic lot of scammers doing fraud in name of remdisivir, Oxygen, ventilator anything possible.
Taking money directly into their bank can get them caught easily. So there’s a chance this a way to not get traced.
Ohh, that i haven’t thought. Thanks for that information
Just contact your bank and file a chargeback from your bank.
you will get refund within 1 or 2 weeks.
