What happens if I transfer money to wrong account in SBI?

If you have made the wrong transaction then immediately inform the bank and its concerned manager. You must know that if the account number mentioned by you does not exist then your money will automatically be transferred into your account. In case the account number exists, you will have to take an immediate action.

Is SBI Buddy merchant app safe?

By using the Facebook credentials, we are only prefilling your details in the State Bank Buddy wallet creation form as per your Facebook profile. The application is hosted on the secure environment of SBI and is extremely safe.

How can I refund money from another bank account?

Call customer care and explain the whole thing. Also, mention the date and time of the transaction, your account number, and the account in which money has been transferred by mistake. If the bank account to which you have transferred the money does not exist, then the money will automatically be refunded.

How can I check my SBI account transfer status?

To enquire status of a transaction: Click Payments/Transfers > Status Enquiry. A Status Enquiry page displays the transaction reference number, transaction type, date, amount and status for all Internet transactions as shown in Figure 1.

What if I wrongly transfer money?

– Immediately contact your bank and your local bank manager and inform them of every detail of the wrong transaction initiated by you- time, account and the intended account of the beneficiary. -The bank will guide you as a facilitator and provide the details of the branch of the bank where the money went.

What is SBI Buddy merchant app?

“SBI Buddy Merchant” App is State Bank of India’s Mobile Wallet for Merchants and Sub-Merchants to accept/collect payments from their customers against sale of goods and services. The money so collected can also be transferred to the Merchant’s linked current account with SBI. Refunds – Initiate refunds to customers.

What can I do if I accidentally transfer money to wrong account?

How long does it take for SBI account to transfer?

The transfer will happen within one week. You can view the new branch name once you log in to your account after one week.

What to do if the SBI UPI fund transfer fails?

What to do if the SBI UPI Fund transfer fails: If your account is debited but the transaction does not go through, SBI provides for real-time reversals for technical declines and amount would be transferred back to your account immediately. In case the amount is not reversed, you can raise a dispute through SBI YONO LITE app itself.

What happens if my SBI account is debited and does not go through?

If your account is debited but the transaction does not go through, SBI provides for real-time reversals for technical declines and amount would be transferred back to your account immediately. In case the amount is not reversed, you can raise a dispute through SBI YONO LITE app itself.

How to transfer funds from State Bank of India (SBI) account?

If you want a hassle-free and fast service to transfer funds from your State Bank of India (SBI) account, you can use SBI Yono’s Yono Lite SBI UPI. This mode of payment is quick and easy. There is a limit of Rs 10,000 per transaction and Rs 25,000 daily limit through SBI YONO LITE App.

Why is my SBI beneficiary account in a different currency?

If the beneficiaries account is abroad with a foreign bank, it is likely to be in a different currency. You can either instruct SBI to send an amount in the foreign currency to the beneficiaries bank, in which case SBI will do the foreign exchange & debit your rupee account with the amount of rupees plus the fee for the transfer.