Problem with NEFT transfer

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Rave

Rave

Forerunner
Was moving some money from my sbi account to my b2 account in icici and well issues :P

i at first mistyped the account number for the transfer, and instead of 12 digits of the account i typed only 11, the amount was debited and then i realised that the account number was in accurate

then i called up icici and talked to them about the same and was told that all icici account numbers are 12 digits and that my money will be credited back to my account

so i added the proper account number again and made the transfer again which waas immediately debited from my sbi account

but so far, i havent got the money back from my mistyped account nor has been my icici account credited with the 2nd time transfer, i made the transfer yesterday so any idea howmuch time it takes to reflect?

oh and about the mistyped account number, anyone else went through the same? will i or wont i get the money back :lol:

one thing that is confusing me is that in my account statement history in sbi, the two transfers reflect as below

Code: 
TO TRANSFER

UTR = SBINHxxxxxxxx963 BENEF A/C [U]XXXXXXXXX984[/U][B]8551 [/B]

the above is shown for proper transfer and

Code: 
TO TRANSFER

UTR = SBINHXXXXXXXX368 BENEF A/C [U]XXXXXXXX984[/U][B]62618 [/B]

and this is for the incorrect number, the underlined number is the account number, whats with the last 4 and last 5 digits added to the account number respectively denote?

any help on this would really be appreciated

TIA
 
Transfer to incorrect account name or account number are automatically cancelled by RBI. So don't worry, you will get your money back. :)

And your other transfer should reflect by today evening or max tomorrow.
 
Atleast wait for 48 hrs and ur b2 account will be credited in that stipulated time.

where as that unsuccessful transaction will be rolled back into ur sbi account after/within 48 hrs as it has to go thru different gateways
 
Like sumchamp pointed out, will take at least one working day. If you made the transfer before 2 PM, then it should reflect in your account in 24 hours. Any transfer made after 2 PM on a day will be reflected withing 48 hours if its a weekday. I once made a similar kind of transaction at 5PM on a Friday, and the amount was credited only Monday.
 
NEFT to b2 account usually takes slightly longer time for me than NEFT to the normal ICICI savings account.

But anyway usually when I do NEFT to my normal ICICI account from HDFC it gets credited by the end of the day.
 
NEFT transfer requests would be accepted till 4 PM on working days, and upto 12 noon on Saturdays. BEyond this it would be processed the next working day only. Assuming that you initiated the transfer yesterday after 4, it would be processed tonight only, so the amount would be reflected in your account either tonight or tomorrow morning.
 
Basically transfer done after 4pm(weekdays working hrs) will be pushed into the system as a queue n these queues are processed thereafter
 
btw, any idea what the extra digits being added at the end of the account number signify?
 
well imo , it takes almost 3 working days for the money to reflect in ur account,

so i guess u will see the amount back in ur account last by Tuesday
 
the extra digits in your failed / misspelt transaction are most probably ghost account number depicting the error code.

it will generally take 72 / 96 hours to reflect back in your sbi account.

if it does not come by 6 pm on saturday, raise an alarm with sbi on monday morning.
 
Rave said:
btw, any idea what the extra digits being added at the end of the account number signify?
Click to expand...

Last 4/5 digits are the checksum digits which are added to ur account no. n as ur bank uses 12 digit code + 4 checksum digit code.
 
Coincidently even i tranferred money from my SBI A/c to my B2 Account yesterday @5 PM and its reflected now in B2 Acc.

Although B2 is facing some problems as of now

"Unable to Retrieve Information for e-Wallet Card. "

Happens quite often these days..
 
hmasalia said:
just pm me your username password..

will make sure you dont have to worry about that amount anymore.... :P
Click to expand...

SBI now uses 3 levels of security for online transaction. one is default login details, profile password and option high security password which u'll receive in your mobile. :cool2:
 
Aw man ... Its a holiday on Saturday here or I couldve helped you with the message ids .. Anyways, no NEFT transactions happen on Saturday or Sunday so you should expect the reconcilation entries to be passed on Monday.
If you dont get your money back on Monday till 4 30 PM, PM me the message details I'll see what can be done .. Rest assured, your money wont be lost.
 
it_waaznt_me said:
Aw man ... Its a holiday on Saturday here or I couldve helped you with the message ids .. Anyways, no NEFT transactions happen on Saturday or Sunday so you should expect the reconcilation entries to be passed on Monday.
If you dont get your money back on Monday till 4 30 PM, PM me the message details I'll see what can be done .. Rest assured, your money wont be lost.
Click to expand...

aha the news from horses mouth :P.

well take these words as reassurance rave, otherwise batty will refund you. :P

^batty is systems manager / administrator in SBI so infact he knows the finer points of NEFT.
 
it_waaznt_me said:
Aw man ... Its a holiday on Saturday here or I couldve helped you with the message ids .. Anyways, no NEFT transactions happen on Saturday or Sunday so you should expect the reconcilation entries to be passed on Monday.
If you dont get your money back on Monday till 4 30 PM, PM me the message details I'll see what can be done .. Rest assured, your money wont be lost.
Click to expand...

thanks man, will let you know, the money has been credited into the icici account, but am still to get the refund for the earlier transaction, will wait till money and get back to you
 
got the money back for the incorrect account number transfer with a "Account number does not exist" message
 
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