‘Overlook about selecting up money from the ATM’; know what occurs to your cash | India information

New Delhi: India is moving towards a cashless society, but the transition will take time. Cash still has significant value in our society. Withdrawing money from the ATM is our daily routine. There are things that often go wrong in this process. We’ll leave the card in the machine or the transaction will be canceled due to a problem. Have you ever wondered what if you get the money from the machine but leave it there? This article will tell you what happens when the money is left in the ATM.

Amount withdrawn from the bank but not withdrawn from the ATM

This incident could have happened to all of us at least once. We go to the ATM, feed details and wait for the money. We receive a text message that the amount will be debited from your account, but we do not receive any cash from the machine. This is an embarrassing moment, but there is no need to panic about this situation. The funds will be deposited into your account within the next 24 to 48 hours. In any case, if the money does not appear in your account, you will need to file a complaint with your bank and provide them with the transaction ID. The bank will make sure that your money comes back to you in a short time.

You forget to collect money from the ATM

The new ATMs are designed so that you won’t get the card back until you’ve collected the money. However, there are older ATMs still in operation that use the swipe mechanism. In such a case, this can happen. If you swipe the card, fill in details and forget to collect the money, in this case the bank will not be responsible for the money processed and will be counted as a valid transaction. The only way to track this down is to get access to the CCTV footage from that time. In no way will you get your money back. The ATM never takes the money back once it comes out.

The chances of getting your money back are very slim. However, we recommend that you file a complaint with the bank and include the transaction number and the time and date. Therefore, always make sure that you have collected the money at the ATM. Always be sure twice before exiting the ATM.

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