How quickly should I receive a refund?

For failed UPI transactions, the bank usually processes refunds instantly, or within 1 working day. For other types of refunds, such as those initiated by a merchant through Paytm, the time it takes to reflect in your account depends on the bank and the payment method used. Generally, this can take 7–14 business days, though some methods like debit or credit cards typically take 2–3 days.