I haven't received my refund for a failed transaction. | Groww (2024)

FAQs

I haven't received my refund for a failed transaction. | Groww? ›

If your transaction failed but money has been deducted from your account, your bank will refund the transaction amount within 7-10 working days. You may contact your bank for more information.

Refunds to debit cards tend to take between two and five business days, but it can take up to 30 days depending on the company issuing the refund.

Call your bank and raised complaint for that, Bank will revert you weather transaction is successful or rejected and 8f rejected than they will convey you about refund of the transaction as well. Hope this will help you.

If your transaction was declined, most banks will still hold the charge as “pending.” Most pending charges disappear in around 5 days or less, though some institutions ask cardholders to allow up to 7 days to process charges.

To request a refund, contact the merchant. If money has debited from your account but the merchant says they didn't receive the credit or refund, contact your bank to file a chargeback. You can file a chargeback on the bank's official website or by visiting the physical bank branch.

In general, pending transactions can't be reversed or cancelled. Usually transactions stay pending on your account for up to 8 days, but can sometimes take up to 31 days (i.e. hotel & car rental deposits). Transactions are automatically reversed if the merchant does not collect the funds within this time.

If you've been expecting a refund and haven't received it, you should first check with the company to see what's going on. Some companies take longer than normal to process refunds, so check if they have any delays.

While many cases can be resolved quickly, some are more complex and can take up to 90 days.

Feel free to reattempt the transaction if it has failed to reach the merchant. In most cases, if the transaction has failed with the merchant, the money will be reversed to you automatically within 5-7 days and won't be billed to you.

In this case, the amount may get reversed to your payouts account within 24hrs from the transfer status has changed to successful, if the customer's account details are incorrect or if the beneficiary bank has any technical issues.

How long does it take to get a rejected refund? ›

If your bank rejected your tax refund, it can take up to 5 business days for the IRS to receive the funds back. Once they receive the funds they will send you a paper check. This can take up to 10 business days for you to receive it.

Pending credit card transactions can take up to 3 business days to clear. Direct deposits usually clear by the next business day.

A voided transaction will typically disappear from a customer's credit/debit account statement within 24 hours. A refund, however, may take 3 to 5 business days to appear on a customer's credit/debit account statement. Some card-issuing banks could take 2 to 3 days to remove the pending charge.

If you find that the transaction has failed but the funds are debited, the next step is to get in touch with the merchant. Reach out to their customer support or helpdesk to explain the situation and request a refund or resolution.

My transaction failed but the amount was debited, so what do I do and how many days will it take for the seller to resolve the issue and refund the amount? IN aspect of India, the payment should be credited back to your source of funding within 3–5 working days to be standard.

The process typically takes between 3–10 business days, with the timeframe depending on factors such as: The merchant—How quickly the merchant responds to your request affects the timeline of your refund.

Since ACH returns have a turnaround time of 2 banking days for most transactions, dishonored returns must also be resolved in a timely manner. Returns that meet the above criteria must be sent in within 5 banking days from the return settlement date.