Is this true? Can NEFT, RTGS, IMPS payments be charge back? I sell for direct payment in my account, can it also be charged back? pls someone answer this.
Some ppl can buy bitcoins and then claim that they send wrongly??
No chargeback is not possible unless beneficiary allow's that.
Once I've made a payment of 6 figures but on my account it keeps showing as cancelled, I called my bank and asked about it, support guy said it's cancelled and I can make another payment, I asked him twice and took his details then I did transfer again but after one hour they processed that cancelled transaction. I called bank again and told everything, they said.. "Oh sir we are really sorry but we can't do anything, you can ask beneficiary to return funds or you can go to our branch, then fill a form and do FIR" lol
Luckily that guy was genuine so he returned full amount in morning, other than that I've never made a single mistake in making payments.
Whenever you are making payment check account number twice (Full or Correct Name isn't required for transfers)
Check this case
http://forum.indiaconsumercomplaints.com/Thread-NEFT-Money-by-Mistake-Credited-to-Another-Account#.U7rJGrHVDIUSimilar thing happened to me two times.
I transferred money via NEFT to one of the mutual fund companies account.
I did the transfers during non-working hours and the banks online system give me no confirmation or debited the money after I click the submit button.
It was rejected each time without any error message and gave me submit button again. I checked all history, pending, scheduled transactions list everything was clear.
So, I again tried to transfer 3 to 4 times. Then, as a surprise in the morning all the money debited from my account and transferred to the MF Account.
I contacted the bank, but they refused to help me in that and give me their head office phone no, just to keep me away.
Finally contacted the MF company and they credited the money as MF units in my MF account.