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Failed ATM, debit card transactions: New rules explained in 5 points
October 11, 2019 | By Livemint.com
business
A failed ATM or debit card transaction is one which has not been completed due to any reason not attributable to the customer.The RBI has specified compensation if the failed transactions are not reversed within a specified period
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Customers bank account debited but cash not dispensed at ATMs. Debit card account debited but the beneficiary card account not credited. For the benefit of bank account holders, the Reserve Bank of India or RBI has put in place new rules for such failed trans
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