UPI

Can banks reverse payments if scammed?

Yes, if you are scammed, you should immediately contact the company or bank that issued the credit card or debit card, or the wire transfer company, and report the fraudulent charge or transfer. You can ask them to reverse the transaction and give your money back. For card transactions, this process may be a chargeback. For money transfer apps, report the fraud to the company and your linked card/bank.

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