BusinessPhoto: News18Hi BusinessUPI Refund Rules: How to Get Money Back for Failed Payments
If a UPI payment fails but money is deducted from your account, you are entitled to a refund. According to RBI guidelines, if the bank does not refund within the specified time, it must pay a daily penalty of ₹100. To claim your money, immediately file a complaint in the payment app's complaint section if the recipient did not receive the amount.
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