Current Affairs · Banking Regulations

Which of the following is the correct Turn Around Time (TAT) as per RBI's harmonised framework for failed UPI transactions where money is debited but not credited?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Refund within 7 working days after customer complaint.
2Refund after 3 working days from failure.
3Refund must be credited within one working day after the failed transaction date (T+1).✓
4Immediate refund within 1 hour.

Correct answer

Refund must be credited within one working day after the failed transaction date (T+1).

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