Using an ATM could be challenging for you at times even though you are familiar with the technology and the machine. It might be possible at times that your transaction is denied owing to technical issues, or the ATM may run out of cash. In the worst-case scenario, what if the ATM rejects your transaction, but you receive an SMS stating that the money has been debited from your account. This might hurt your saving especially concerning if the sum in question is significant.
But you don't need to worry much because in most of the cases amount will get reversed to your primary bank account within 5 business working days. You can reach out to customer support and tell them about your issue and you can also visit the branch to escalate the issue.
If the amount has not been revised to the primary bank, the card issuing bank has to pay compensation of Rs. 100/- per day for a delay in re-crediting the customer’s amount beyond 5 calendar days from the date of the failed ATM transaction. The compensation has to be credited to the account of the customer without any claim being made by the customer.
Source: RBI, HDFC Bank, Kotak Bank, Good Returns
Every LIKE, SHARE, COMMENT & SUBSCRIPTION is always appreciated.
Discount Brokers I Use for My Investments:
Upstox ► upstox.com/open-account/?f=01A4C7
Zerodha ► zerodha.com/open-account?c=ZMPYSA
Join this channel to get access to perks:
kzitem.info/rock/LFKCWWw38y4_2JoHFiPj9Qjoin
----------------------------------------------------
RECOMMENDED READING LIST:
Rich Dad Poor Dad (Personal finance book of all time)
amzn.to/36UAPY5
The Millionaire Next Door (Great Read to know how money works)
amzn.to/3nXnzZV
One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners)
amzn.to/35RgwM1
Think and Grow Rich (the ultimate book on money mindset and wealth)
amzn.to/3lTUkpY
The Little Book of Common Sense Investing (Awesome book on index funds)
amzn.to/3fxaEed
__________
Business Inquiries: chauhanp195@gmail.com
__________
DISCLAIMERS & DISCLOSURES
This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.in. Thank you for your support!
__________
SAY HI ON SOCIAL:
Twitter: twitter.com/pratikchn
Instagram: instagram.com/pratikchn
LinkedIn: www.linkedin.com/in/pratikchn/
Discord: discord.gg/AMdXzgCRVV
__________
#money #atm #personalfinance
Негізгі бет ATM se Paisa Nahi Nikla 😰
Пікірлер: 699