Rules for money is stuck in the ATM | Today News Update

If money is stuck in the ATM, then know this rule

Today News Update

News Updates: Often you go from ATM to withdraw money, all the process is completed, but money does not come out of ATMs at all, money gets stuck in ATM.  On the other hand, because the process is complete, the money is deducted from your account.  It often happens with many people.  In the financial year 2018, the bank's Lokpal office received such a total of 16,000 complaints.  According to the RBI report, ATM related complaints have increased by 50 percent this year compared to last year.

 After the ATM transaction fails, the money that is withdrawn from your account, the bank deposits it to your account.

Money is credited to your account within a few hours of the transaction.  But sometimes it takes a few days.  However, if the complaint is not deposited in your account within seven working days after the complaint.  Then, the bank will have to pay 100 rupees per day to the customer.  This rule came into effect from 1 July 2011.  If your ATM transaction failed and the money was not returned, then you can get it back by following the rules.

 1. In this situation, contact your bank for the first time and complain about it.  You can also report to the bank any bank at any of the ATMs.

 2. According to the Reserve Bank of India rules, every ATM must have a contact number, toll free number, help desk number in respect of the concerned officers.  You can make a complaint by contacting it.

 3. If the ATM transaction has been cut off from your account after the failure, then it is mandatory for the bank to repay the money in your account within seven working days.

 4. If you have not deposited your account within seven days of the complaint.  So, the bank has to pay 100 rupees per day to the bank.  The customer does not have to make a claim for this.  However, the customer needs to file a complaint within 30 days of the transaction.

 5. If your problem is not resolved in a given time.  You can complain to the Bank's Ombudsman within thirty 30 days of receiving the reply from the bank.

Remember these things before using a credit card

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At present, almost all the banks are offering various offers to get credit card.  Credit card transactions are very convenient for many, but it is also important to take care of some things.  The need for money to buy through the card can be met.  After swiping credit card POS, the first message is to Merchant Merchant.  The permission for payment is sought after issuing the card.  If you have a credit limit left in the card, you are dealing with it.

 Some special tips for using a credit card

 If you are considering purchasing a credit card, it is important to have information on securities.
Because, there have been many incidents of hackers being exposed to food in a few moments.  When your card is sent from the bank, there are tips on how to take care of security at the bank.

 Credit card users need special attention on the statement and transaction.  It can be beneficial to look at account statements every 15 days.  That is, if you see any unnecessary transaction you are right to take action.  In this situation, losses can be avoided by complaining to the bank or the police.

 Do not remove the deposit from the credit card by accident.  Many people withdraw money from the credit card limit and put them in the debit card.  But this could be a mistake.  Because, the interest on which it has to be paid doubles.  In addition, the amount of tax is added and the interest is returned along with the interest.

 According to the data released by the Reserve Bank of India, the number of credit cards increased by 24.71% in February 2019 compared to last year.