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Have you ever faced a failed ATM transaction? 🚫 Amount got debited but cash wasn’t dispensed? 🏧 Fear not, RBI is to your rescue. According to RBI’s Circular on Turn Around Time for failed transactions, the banks have to pro-actively reverse the amount within a maximum of 5 days in case of a failed ATM transaction. And if you don’t get the money back within 5 days, the bank is liable to pay Rs. 100 per day of delay as compensation to you. 😮 That being said it is advisable to lodge a complaint
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Have you ever faced a failed ATM transaction? 🚫 Amount got debited but cash wasn’t dispensed? 🏧 Fear not, RBI is to your rescue. According to RBI’s Circular on Turn Around Time for failed transactions, the banks have to pro-actively reverse the amount within a maximum of 5 days in case of a failed ATM transaction. And if you don’t get the money back within 5 days, the bank is liable to pay Rs. 100 per day of delay as compensation to you. 😮 That being said it is advisable to lodge a complaint
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