How to Get Your Money Back from a Wrong UPI Transaction: Tips from Ujjawal

Have you ever sent money to the wrong account via UPI? Ujjawal, a popular finance influencer and digital creator, shares crucial tips on how to recover your money in case of a wrong UPI transaction. Follow these steps to increase your chances of getting your money back.

Step 1: Call the UPI Helpline

The first step is to immediately call the UPI helpline at 1800-120-1740 or 022 45414740. Provide them with all the transaction details, including the transaction ID, date, and amount. Prompt action increases the likelihood of freezing the erroneous transaction.

Step 2: Visit Your Bank

Within three days of the wrong UPI transaction, visit your bank and inform the bank manager. If the recipient's account is in the same bank branch, recovery is more straightforward. If not, the bank manager will negotiate with the recipient's bank to retrieve your funds.

Step 3: File a Complaint with NPCI

If the previous steps don't resolve the issue, file a complaint through the NPCI (National Payments Corporation of India) portal. Use the UPI Dispute Redressal Mechanism, providing all supporting proofs like transaction receipts and communication records.

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Acting quickly is essential to recover funds from a wrong UPI transaction. The chances of success are higher if the recipient hasn't used the money yet. Follow the three-step guide by Ujjawal Pahwa to increase your chances of getting your money back efficiently.