Let me tell you
what happens if the beneficiary name is wrong
. In some cases, the funds are credited to the intended recipient's account even if the beneficiary's name is wrong. The bank can also hold the transaction, if the beneficiary name does not match the account details or the transaction may get rejected, if the bank has strict verification procedures.
Need help with legal documentation? Contact NoBrokerYour Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What Happen if I Add Correct Account Number and Wrong Beneficiary Name?
Aravindh
5057 Views
1
1 Year
2023-11-08T08:40:17+00:00 2023-11-08T08:53:49+00:00Comment
Share