Why do refunds take 3-5 days?

UPI refunds typically take 3–5 working days to process. This standard duration is part of the banking and UPI process. In cases of failed transactions, refunds can sometimes be instant or credited within 1 working day. However, if a merchant initiates a refund, the amount is usually credited back to the original account within this 3–5 day timeframe, sometimes extending to 5–7 business days, as stated by Paytm.