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What is the timeline of auto reversal of transaction for a bank, when the amount debited from one card but did not reach another card(card to card transfer) as per new guidelines of Reserve Bank of India(RBI) ?
  • a)
    1 day after failed transaction
  • b)
    2 days after failed transaction
  • c)
    7 days after failed transaction
  • d)
    15 days after failed transaction
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is the timeline of auto reversal of transaction for a bank, when ...
During the Card to card transfer, if the amount debited from one card but did not reach another card then the respective bank has to pay back the amount to the customer in 1 day after failed transaction.
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What is the timeline of auto reversal of transaction for a bank, when the amount debited from one card but did not reach another card(card to card transfer) as per new guidelines of Reserve Bank of India(RBI) ?a)1 day after failed transactionb)2 days after failed transactionc)7 days after failed transactiond)15 days after failed transactione)None of theseCorrect answer is option 'A'. Can you explain this answer?
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