Can funds sent to the wrong account via NEFT/RTGS be reversed?

Asked Feb 7, 2015· 1 answer

Faisal KhanAnswered Feb 7, 2015

If reported to the bank, the bank can request a reversal of funds only if the transaction was fraudulent or accidental on account of the bank.

Reversals otherwise are not possible.

Account-to-Account Payments Domestic Payment Schemes Payment Infrastructure Wire Transfers

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