What to do when amount is debited but order is not placed?
In case the order doesn’t go through (i.e – you don’t receive an order confirmation email) but you’ve still received a message from your bank or wallet provider stating that the amount has been debited, don’t worry! The best course of action to take is to contact the bank or the wallet service provider.
How can I reverse my money back?
While the bank cannot reverse the amount that has been transferred, you can always file a written complaint with the bank. In case it denies providing you with any solution, you can move to the ombudsman who does not take sides and gives a fair decision.
How long does it take for a bank to refund money?
Normally the executive will give you a tracking number, and will file the matter for investigation. Upon verification, if this was genuinely an error from the bank’s side, they will refund your money to your account within 7 working days, according to a BankBazaar report.
How long does it take to get a refund from Paytm?
As PayTM mentioned, You have to wait for 7–10 business days. If your transaction get failed then they will refund your money back to your bank account within given working days. If you do not receive it in that time, then contact PayTM Customer care about this. You will get resolution for sure.
Why is the amount debited twice from my bank account?
Many a time, while making digital payments, you encounter a failed transaction, so you make the transaction again but when you check, the amount is debited twice from the account. There is only one solution to this problem i.e. bank must make a quick refund of the second transaction.
What happens if you make a wrong transaction?
You might end up making a transaction against the wrong amount. But, nothing to worry. Digital payments are as safe as your money in the bank. In such a case, the initial transaction should be declared null and void and fresh transaction should happen. 6. Contactless payments