If money is transferred to the wrong account by mistake, then know how to get it back

In this era of digital India, people are rapidly transferring money to each other. Many times money reaches the wrong account by mistake. Now the question arises if your money is transferred to the wrong account, then what should you do to get it back? The question is also whether that money will be returned or not. Let's know its details.

If money is transferred to someone else's account, first inform your bank about it. After this, the bank will talk to the person in whose account the money has gone by mistake based on your information. The bank will ask permission from that person to send back the money transferred by mistake.

If that person refuses to return the money, then you can also file a case against him. Getting money in the account by mistake is just like getting back the fallen money. It is legally necessary to return the money to the person to whom it belongs. Not returning the money is a violation of RBI rules, for which there can also be punishment.

If the money is not returned, the bank is not responsible, this responsibility lies with the account holder. Money should be sent to the right place after checking the account, it is the responsibility of the account holder to enter the correct information. If everything goes well, the money will be returned in a few days, otherwise, you will have to fight a legal battle.

While sending money to anyone, you should keep some things in mind. You should enter the account number and IFSC code carefully. Even if you are doing a UPI transaction through a phone number, enter the phone number carefully. If you hurry, it is possible that you may have to wait a long time to get your money back and may also have to face problems.

If you are doing a UPI transaction through a mobile number, then you must do a test transaction before sending money to anyone. With a test transaction, you can ensure whether the money is going to the account of the person to whom you want to send money or not. You can do this test transaction of Rs 1, which even if goes to someone else's account by mistake, you will not have any problem.