'The Times of India' brings you 'Hack of the Day'—a new weekday series of quick, practical solutions to everyday hassles. Each hack is designed to save you time, money or stress, using tools and features within your reach—from government websites to everyday apps. In simple terms, it's simple fixes for smarter living.Digital payments have become the backbone of everyday transactions, but sometimes transfers through NEFT, RTGS, or IMPS fail, get delayed, or remain stuck between banks. While most failed transfers are automatically reversed within RBI timelines, knowing how to track and escalate can save you stress and speed up recovery.
What it solves: Helps you trace and recover money when a bank transfer (NEFT/RTGS/IMPS) is delayed, failed, or stuck between banks.
Quick steps to recover your money
- li1Check transaction status
ul1- li1Open your bank’s app or netbanking portal.
- li1Use the UTR/reference number to verify the transaction status.
- li1Contact customer care
ul1- li1If the status shows failed or remains pending beyond 24 hours, call your bank’s customer support.
- li1Share details: UTR, date, amount, sender, and beneficiary information.
- li1Escalate if needed
ul1- li1If unresolved after 2–3 working days, file a complaint via the RBI’s Complaint Management System (RBICMS): cms.rbi.org.in.
NOTE: Most failed transfers are auto-reversed within RBI timelines, but early complaints help speed up recovery.
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The TOI Tech Desk is a dedicated team of journalists committed to...
Read MoreThe TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusive reports and breaking stories that impact technology and the digital universe. Be it how-tos or the latest happenings in AI, cybersecurity, personal gadgets, platforms like WhatsApp, Instagram, Facebook and more; TOI Tech Desk brings the news with accuracy and authenticity.
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