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If You Fail to Return the Amounts Owed, I Will Take All Form

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If You Fail to Return the Amounts Owed, I Will Take All Form

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often it happens that when we are withdrawing money from atm then the amount gets debited but the atm machine does not dispense the cash now the bank has to return the amount back to your bank account so do you know that rbi has stipulated a timeline within which the bank has to do that and if it fails to do that then it is liable to pay you some compensation so that timeline is t plus five days and where t stands for the day when that failed transaction happened the and similar rule applies when you are making a payment on an e-commerce website payment hota head and bank has to return your amount within t plus five days and when you are transferring money to another bank account by adding value history or buy uh if you are doing that transaction via upi then this t plus five days limit turns into t plus one day sale transaction within 48 hours and if it doesn't do that then you are liable to get 100 rupees compensation on per day basis you are very well in position to ask for

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