
Can I get my money back from a wrong UPI transaction?
Yes, you can get your money back from a wrong UPI transaction by acting quickly and contacting the recipient, your UPI app’s customer support, your bank, and the Online Transaction Complaint to raise a formal complaint. You should also keep all transaction details handy and be prepared to follow up on your complaint
1. Contact the Recipient
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Reach out directly:If possible, contact the person to whom you accidentally sent money and politely request a refund.
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Provide details:Share all the transaction details, including the amount and UPI ID, to help them return the funds.
2. Contact Your UPI App’s Support
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Use the app’s help section:Open your UPI app (like Google Pay, PhonePe, or Paytm), go to the “Help” or “Support” section, and select the incorrect transaction.
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Submit a complaint:Choose the option for a wrong UPI transfer or incorrect account credited and submit a complaint. The app team may then reach out to the recipient’s bank to facilitate the reversal.
3. Escalate to Your Bank
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Call customer care or visit a branch:If the UPI app doesn’t resolve the issue, contact your bank’s customer support or visit a branch.
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Provide transaction details:Share the transaction ID (UTR), amount, and the recipient’s UPI ID with the bank officials. They can then escalate the issue through the NPCI.
4. Raise a Complaint with the NPCI
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Use the NPCI website or contact number:If the problem isn’t resolved by your bank, you can file a complaint on the NPCI website or call their dedicated customer care number for wrong transactions.
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Follow the dispute redressal mechanism:The NPCI provides a dispute redressal mechanism where you can raise and track your complaint.
5. Escalate Further if Needed
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Contact the Banking Ombudsman:If your complaint with NPCI remains unresolved after 30 days, you can escalate the matter to the Banking Ombudsman.
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File a police complaint:For large amounts or suspected fraudulent activity, consider filing a complaint with the police, especially the local cybercrime cell.
Important Tips
- Act immediately: Acting quickly increases your chances of a successful recovery.
- Keep records: Always have your transaction ID, payment details, and any communication records ready.
- Be persistent: Follow up on your complaint regularly to ensure it’s being addressed.