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What happens if online transaction failed but money debited in Paytm?
Money got deducted from bank account but not added to the wallet? No need to worry!
- Paytm keeps checking with your bank at regular intervals to know whether your transaction was successful or not.
- Basis of this request, your bank processes the refund and shares a Refund Reference Number (RRN) with us instantly.
What if payment failed in Paytm?
In case, you have exceeded the daily limit, we would request you to retry after 24 hours or you can try making a payment using a different Bank account. In this scenario, you may be trying to send/pay an amount which is more than the available balance in your bank account.
How long does it take to get refund from Phonepe?
i) Debit Card is refunded in 7-9 working days from the date when refund was processed by the merchant. The average is 3-4 days. The refund is credited to the UPI linked account using IMPS. Refund is credited back on the same or the next day.
How can I refund my Paytm wallet money?
Don’t fret if you have added money to your Paytm wallet by mistake….Here’s are the steps to follow:
- To return the amount to your source bank account, simply go to the transaction in your passbook and tap on the ‘Return To Bank’ option.
- Tap on confirm and the amount will be refunded to your source bank account.
How can I refund my Paytm wallet?
Instant refund is a three-step process:
- Step 1: Check eligibility of a transaction for an instant refund. The instant refund should only be provided for payments made via Debit Card, Netbanking, and UPI.
- Step 2: Getting refund destination details for a customer.
- Step 3: Initiate a refund.
How long does it take to get a refund from Paytm?
Time of refund depends: If it is refunded to paytm wallet then it will refunded within 24hours (instantly in most cases). if it is refunded to bank (paid via net banking/debit card) then it will take 2 – 25 business days (totally depends on your bank).
What happens if I add money to my Paytm Wallet by mistake?
Don’t fret if you have added money to your Paytm wallet by mistake. The amount added to your wallet can always be used across all the various services we offer here at Paytm. However, there is a service available exclusively to full KYC users, wherein you can refund the amount, back to your source account.
How long does it take to get the amount refunded?
There is no fixed time for the amount to get refunded. Maximum time for a refund is a week or two i.e. within 7–14 days and minimum time is 4 hrs. But sometimes it happens, Due to some unpredictable issues/problems the refund gets delayed.
How to activate the return to source option in Paytm?
To activate your return to source option, just follow these simple steps: Once you enable this option, you will see the option to “Return To Bank” in your Wallet passbook. Don’t fret if you have added money to your Paytm wallet by mistake. The amount added to your wallet can always be used across all the various services we offer here at Paytm.