Wrong IMPS transaction

[shutzz]

This is a story of wrong transaction made by me on 17Feb2025 on kotak app(IMPS). I accidentally sent inr 800 to someone else account and immediately lodge a complaint on kotak app then after few days i received a mail that kotak tried reaching beneficiary bank of baroda but as the transaction was wrongly done by myseld so it's not possible to reverse the transaction. 800 rupees is not a big amount but i still wanted to try recovering that money.
So, on 28March2025 i lodged a complaint on RBI portal after few days i received mail that money can't be refunded then i was hopeless and forgot that transaction. I was like it is true that accidents can't be undone specially in banking field.
But to my surprise i received the mail from RBI on 27May2025 that 800rs has been reversed to my kotak bank account on 12May2025 and then i checked my account and guess what? Funds was actually reversed.
Though it took around 2 months but it was worth to register a complaint.

 

[NABNAB is verified member.]

Yes, that's the only way to recover the money.

 

[msankadi]

Thanks for sharing and good that you got your money back. I am a bit sceptical if you would have received your money back if you had transferred 80k or 8L by mistake, small amount helped is my speculation

 

[praful47]

Money gone


Money received

 

[praful47]

Thanks for sharing and good that you got your money back. I am a bit sceptical if you would have received your money back if you had transferred 80k or 8L by mistake, small amount helped is my speculation

To prevent such an incident one should always send 10k first and after getting confirmation from the receiver , one can send rest amount.

 

[ritwik2000]

To prevent such an incident one should always send 10k first and after getting confirmation from the receiver , one can send rest amount.

always send 1 rs no matter how big the amount is.

 

[Hemang]

always send 1 rs no matter how big the amount is.

Now a days all banks in netbanking give the option to look (Search option after entering the account number and IFSC Code) for account holder's name before transferring the amount. It is almost now foolproof for us before transferring any amount to the added beneficiary.

 

[praful47]

Now a days all banks in netbanking give the option to look (Search option after entering the account number and IFSC Code) for account holder's name before transferring the amount. It is almost now foolproof for us before transferring any amount to the added beneficiary.

But then also 2 step verification

 

[SSquad]

Now a days all banks in netbanking give the option to look (Search option after entering the account number and IFSC Code) for account holder's name before transferring the amount. It is almost now foolproof for us before transferring any amount to the added beneficiary.

Exactly, now with the name look up feature it's certain that amount is transferred to the right person.

 

[shutzz]

But then also 2 step verification

Yes, but i sent money by using kotak mobile banking app and in that app there is no option of look up feature that's why this silly mistake happened.

 

[praful47]

Yes, but i sent money by using kotak mobile banking app and in that app there is no option of look up feature that's why this silly mistake happened.

Hota hai .. relax .

 

[Hemang]

Yes, but i sent money by using kotak mobile banking app and in that app there is no option of look up feature that's why this silly mistake happened.

please login using chrome, there is a automatic feature of fetching the name of Beneficiary.

 

[praful47]

please login using chrome, there is a automatic feature of fetching the name of Beneficiary.

Net banking bolte hai usko