Well this really a sign of worry because Unocoin actually does not delay that long about withdrawing the funds. Probably you may be a new user and suddenly withdrawing 1 lac due to which they are checking and taking time. If that is not the case then there should be delay more than a day.
Their rep advised that the funds bounced back to their account. Which is coz I do transact a lot on this bank account and the details are correct.
I would surely think twice before funding my Unocoin account now.
You had withdrwn the amount so they have to deposit in your account. How come the amount bounced back when they send it from the NEFT? They have money so they would have done NEFT and your is recipient account so it will receive it. How come it will bounce from your account?