.@RBI Kehta Hai..
— RBI Says (@RBIsays) October 7, 2020
If the amount debited due to a failed transaction is not reverted to your account within a specified time, your bank would compensate you for the delay.#BeAware #BeSecure#rbikehtahai #StaySafehttps://t.co/mKPAIp5rA3 @SrBachchan pic.twitter.com/lYiM6GAUy6
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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In atm reveversal situation , who will pay penalty under RBI payment and settlement act( t+5 ,100? daily compensation), acquiring bank or issuing bank.
AXIS BANK CUSTOMER , I withdrew Rs10,000 from PNB ATM at IOCL bunk.using my axis Bank debit card .I want another Rs. 10, 000 ,. So again I tried for another 10,000 but notes did not came out, but the transaction timed out. Again I tried , but same problem..But I received messages that 3 times 10,000 , a total of 30,000 cut from my account..,But actually I received only 10,000..(my 20,000 were in air.)
Subject complained to authorities and I received this message.
UPDATE: ATM Dispute ID SAK00000956835 with RRN 212107308067 is rejected since transaction found successful as per records.
How can I trust ATMs and Axis Bank..if it happens again, who will be the responsible ...
Who can solve my problem now.
Acquiring Bank Branch (The branch that controls the ATM that was used): You must submit the complaint and take acknowledgement on the copy of the complaint.
Issuing Bank Branch (The bank that issued your ATM/ debit card): You need to make a written complaint with the concerned bank and wait for a response. If the bank claims the transaction was successful or does not respond to your complaint even after 30 days of the date of submitting complaint, you can make a complaint to the Banking Ombudsman.
Also request the bank to preserve the CCTV or video footage by giving approximate time for cash withdrawals from ATM.
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