In this era of digitalization, making payments and transferring funds has become more convenient and easier than ever.
UPI (Unified Payments Interface) has emerged as a game changer in the world of digital transactions. This is the reason why the trend of digital payments has grown rapidly in the last few years. Now money transactions are done in just a few seconds by scanning the QR code.
In India, 1,388 crore transactions were done through UPI in June 2024. During this period, a total amount of Rs 2,007 lakh crore was transferred. The number of transactions has increased by 49% on an annual basis.
UPI has not only provided the facility of making digital payments but has also almost eliminated the need for cash.
However, many times people transfer money to the wrong UPI ID due to haste or carelessness, after which they start getting worried about getting the money back.
There is no need to panic if money is transferred to the wrong UPI ID, but there is a need to be smart. For this, you can follow some easy tips, by which the wrongly transferred money will be returned to your account.
Therefore, today in this important news, we will talk about what to do if money is transferred to the wrong UPI ID. Also, we will know that-
- What are the reasons why money gets transferred to the wrong UPI ID?
- What things should be kept in mind in case of wrong money transfer?
In India, systems like UPI are operated by the National Payment Corporation of India (NPCI). Before moving ahead, see how much money has been transacted through UPI ID transactions this year.
Question: What could be the reason for transferring money to a wrong UPI ID?
Answer- Haste and carelessness are a big reason for sending money to the wrong UPI ID. People often enter the UPI ID in a hurry without checking. Due to which they end up making such mistakes.
Question: What should be done if money is transferred to the wrong UPI ID?
Answer- If you accidentally send money to a UPI ID, do not panic. To get the money back, first contact the person in whose account the money has been transferred. Request him to return the money. If he does not return the money, then immediately contact the customer care number of the UPI app (Google Pay, Phone Pay, Paytm) from which the transfer has been made.
Apart from this, you can also lodge a complaint on the NPCI portal. Or you can also ask for help from your bank. For this, all the necessary evidence will have to be given to the bank immediately. With this, you can easily get your money back.