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Cash did not come out of ATM but money was deducted from the account! Know how to get money back

ATM Transaction Rules: In today’s time, ATM machine has become a necessity of today’s people. Instead of standing in the long lines of the bank, people do instant cash withdrawal from ATMs. Apart from this, you can also take advantage of the facility like balance check through ATM machine. Although it is very easy to withdraw money from ATM, but many times the cash does not come out while withdrawing money but money is deducted from the account. In such a situation, people have to face a lot of trouble.

Usually, if the cash does not come out and money is deducted from the account, then in such a situation the money automatically gets back into the account, but if your money is not received back then there is no need to worry. We tell you what you should do in such a situation and where to file your complaint-

Money comes back in account in 5 days
If cash did not come out while withdrawing money from ATM but, money has been deducted from your account, then there is no need to worry. Many a times, due to technical glitches, money gets deducted from the customer’s account. In such a situation, this money is automatically returned to the customer’s account within 5 days. The Reserve Bank of India (RBI) has fixed a date for returning this money to the banks. This money is required to be credited in the customer’s account within 5 days. Otherwise the bank will have to pay a fine of Rs 100 per day to the customer.

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If you do not get money, complain here-
If your money has not been received back, then you can also complain about it by visiting your bank branch. Apart from this, if you are a State Bank customer, you can visit the bank’s website https://crcf.sbi.co.in/ccf/ under Existing Customer //ATM related//ATM related//Account Debited but cash not dispensed. You can file a complaint. For this, you can register your complaint by calling the bank’s toll free number 1800 11 2211 or 1800 425 3800.

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