While transaction in Netbanking if our money is deducted and 3rd party shows unsuccessful payment, Where does our money go,What to do in this case?
When you make a transaction through net banking, the transaction is a debit from your account. The flow of the transaction is slightly different from a normal POS purchase using a debit card. What happens in the background is the merchant account to which you want to pay money, sends a message to the payment gateway which will reach out to the issuer to identify the account details and authorize your transaction. Now, the transaction may not go through because of a lot of reasons:Merchant did not send the message properly. Issuer is unreachable from the payment gatewayIssuer cannot authorize the transaction and send the response back to payment gateway.Payment gateway couldn't reach the merchantTransaction timed out from one of the parties and so on. If your transaction failed after the money is debited from your aaccount and the payment couldn't be completed to the merchant, the payment gateway will notify the issuer with the transaction details. The issuer will then process a refund of the money that is debited from your account. So, the short answer is you will get your money back in your account :) The refund should be automatic and doesn't require the card holder or the account holder to reach out to the issuer.
I accidentally paid the same electricity bill twice. What can I do?
If you have paid the same electricity bill twice, you need not have to worry, it will be adjusted in the next month bill. Now a days everything is computerised, the computer will take care and show the extra amount in the credit column, and automatically, the extra amount will be adjusted in the next bill . For me when I was paying electricity bill, due to lack of change of 5 Rupees, they rounded off to the nearest 10 rupees and extra amount of Rupees 5 was deducted in the next month bill.And if it is not adjusted due to the unknown reasons in the next bill, you can approach the concerned electricity revenue office, and if they ask give it in writing this matter.And if it is still not adjusted you can approach electricity Adalath to settle the matter.
How do I write a letter to the bank for a deducted amount refund from a failed transaction?
Address this Request Application to the concerned Branch Manager of the Bank.You request there in giving all the details of Debit done by Bank viz. Date of Debit,Amount so debited, your A/c Number, Purpose for which it is debited, Name ofthe Beneficiary etc. If it is wrong Debit that Bank scrutinise and found then onsatisfied Bank will recredit that sum to your account.However, if the Bank's system and procedure permits then you may get Intereston that sum from Date of Debit till. Date of Credit. Such may be a rare case now-a-days.
How do I write a complaint letter about an ATM transaction that was declined but the amount was still deducted from my account?
if you come across ATM transaction failure where amount is debited from your account and cash is not received from ATM then you can complaint against bank. There are both online and offline methods.In offline method visit your nearest bank branch of issuing card (ATM card use for withdrawal) . Now ask for complaint letter format form or you can downlaod it from respective bank website. Fill the details accurately mentioning each and every information. You will get a application number which can be used for future purpose. Some time You need to write complaint letter to Branch Manger, NPO or Head of Customer ServicesTo make the process faster. Bank’s introduced online grievance platform. Go to bank’s website and click on customer care. Now go to complaint section and select your complaint type. Select ATM related complaints and cash not received but amount got deducted option. Enter all details with ATM ID, transaction ID and submit it. You will get a service request number. This number can be used to track status of ComplaintSample of Complaint letter in terms of ATM transaction failure to re-credit amount
My transaction failed but the amount was debited, so what do I do and how many days will it take for the seller to resolve the issue and refund the amount?
For the failed transaction and money debited case, money will be reversed from the bank's end.It's called as server issue, it's like money is debited from your account but it's not credited to the seller account. Money is stuck in the payment gateway in this case.Neither seller nor any other people are responsible for these type of issues. The bank from which you have made payment is responsible and they will reverse your money back to your account.Your bank will investigate the transaction details, If really your payment is failed and money is debited, they will definitely help you.Your bank will take from some hours up to 15 days or even more time to reverse money back to your account.Contact the bank manager regarding issue.If in case you didn't get money back in your account kindly write a letter explaining your failed transaction to your respective bank manager, he will raise a complaint regarding your payment after some 1 to 15 days your money will be credited back.
What does my comprehensive and my collision deductible have to do with my car loan?
Auto finance is what I do for a living and Capital One has always been one of my best banks. But the agreement you signed with them states that your deductible can be no more then $1,000.00 period or your in violation of our contract. Your lucky it used to be $500.00. In your case it may actually be cheaper to let them place insurance on the vehicle and adjust your payment up to cover it. As far as it being their business they are just defending their property. A lot of people with very high deductibles don't get their vehicles fixed after accidents.And the bank only finds out when they repossess the vehicle and find it damaged. So yes it is their business. Good luck.
Cancellation of debt?
i recieved a notice for cancellation of debt as income. i volantarily gave back a car in 1996. the loan was never completely paid off. toyota reported it in 2005. the car was never used for any type of bussiness purpose nor was any part of the car used as a deduction. am i responsible to pay this? its been 11 years so i no longer have any paperwork about the reposession.
Swiped SBI debit card at a shop, money got deducted from my account but due to some error slip did not came out. What i should do?
SBI debit card is swiped in a shop, the account is debited but slip didn't come. The merchant has to confirm that his account is credited and in that case there is no need to swipe again. However if the merchant insists for second swipe contact toll free number and explain the situation and act accordingly. If there is technical error the first transaction maybe reversed and fresh swipe can be done. The merchant should co-operate.
My landlord won't deposit my rent checks in a timely fashion. Is there legal action I can pursue?
I turn in my rent checks 5 day before they're due. I paid May 2012 rent early. I slipped it under my landlord's door and let him know that I put it there. He acknowledged my message too. So I know he received it. It's now May 12th and he still hasn't deposited by rent check. I bet a lot of you reading this think 'hey, thats money you get to hang on to then!'.... I don't make a ton of money, so I really need him to take that money out of my account in a timely fashion so I can properly balance my budget and th money in my account. If he doesn't deposit the check soon, June 2012 rent will be due, and then I'll have $1200 taken out of my account as opposed to $600, which will be a big hit to my bank account. I've emailed him twice now and he won't respond. I'll try giving him a call him too, but if he continues to be unresponsive, is there legal action I can pursue? to make him deposit my rent in a timely fashion?