Failed UPI Transaction

Compensation of ₹100 per day on Failed UPI transaction
As per the RBI Circular dated September 20, 2019 📝
🔸During any UPI payment if the Account is debited but the beneficiary account is not credited (transfer of funds) the beneficiary bank should auto reverse the transaction latest on T + 1 day. (T = Transaction day)
✅ If this does not happen the beneficiary bank is liable to pay compensation equal to ₹100/- per day if delay is beyond T + 1 day.