Definition
UPI Transaction Reversal is the process of returning money to the payer’s account for a failed or canceled transaction.
Duration
Typically, reversals are completed within a few hours to 3 working days, depending on the bank.
UPI Transaction Reversal is the process of returning money to the payer’s account for a failed or canceled transaction.
Typically, reversals are completed within a few hours to 3 working days, depending on the bank.
The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.
What is the Full Form & Meaning of BHIM UPI? The full form of BHIM is Bharat Interface…
Meaning A Money Transfer App is a mobile application that allows you to send and receive money instantly…
Meaning The National Strategy for Financial Education (NSFE) is an initiative by RBI, SEBI, IRDAI, and PFRDA to…
Definition The Bank Ombudsman is an official appointed by the Reserve Bank of India (RBI) to resolve complaints…
Meaning A Withdrawal Slip is a paper form used in banks to take out money from a savings…
Definition A payment reversal happens when money sent in a transaction is returned to the payer’s account. It…