UPI transactions are generally irreversible but can be reversed in specific situations.
Conditions for requesting a reversal: Sending money to the wrong UPI ID or mobile number, unauthorized transactions, or pending/failed transactions.
Successful transactions cannot be reversed, so double-check details before initiating a UPI transfer.
Important tips: Keep transaction records, stay vigilant, secure UPI PIN, and verify recipient details.
To reverse a UPI transaction, contact your bank or UPI service provider's customer support with transaction details.
Timely reporting is crucial, as some providers have time limits for reversal requests.
If eligible, the bank/UPI provider will initiate the UPI Auto-Reversal process, which may take time.
Successful reversals result in the money being credited back to your account.
Vigilance and preventive measures are key to a seamless UPI payment experience.