Many people use UPI and online payments today, but cash withdrawals from ATMs are still common.
Usually, the process is simple and quick.
But sometimes, due to a technical issue, the cash gets stuck while your bank account shows the money has been deducted.
If this happens, the biggest worry is whether your money will come back.
Here is the complete and easy explanation.
RBI Rules That Protect You
If cash doesn’t come out of the ATM but the amount is deducted, you must immediately contact your bank.
You can call customer care or send an email to report the failed transaction.
The bank will register your complaint.
As per RBI guidelines, the deducted amount must be returned to your account within 7 working days.
Usually, banks refund the money within 7 to 10 days.
If the bank delays the refund beyond 7 days, it must pay you a compensation of ₹100 per day.
If the bank still does not follow this rule, you can file a complaint with the Banking Ombudsman.
Why Does ATM Cash Get Stuck?
Cash not coming out of the ATM can happen due to many reasons:
Technical glitches in the machine
Slow network connection
Jammed or faulty note dispenser
Most banks resolve such issues and return the deducted money within 24 hours.
It is important to keep checking your SMS alerts and bank messages.
Important Safety Tips While Using ATMs
Check for Card Skimmers
Before inserting your card, check the card slot carefully.
If anything looks loose or suspicious, do not use the machine.
It could be a skimmer that steals card details.
Protect Your PIN
Always cover the keypad while entering your PIN.
Hidden cameras can capture PIN numbers easily.
Monitor Your Messages
You should receive an SMS immediately after withdrawal.
If the message does not arrive, contact your bank to check the transaction status.
Set a Low Transaction Limit
Keep your daily ATM withdrawal limit low.
If your card ever gets stolen, only a limited amount (like ₹20,000 or ₹25,000) can be withdrawn, protecting the rest of your money.
Keep the ATM Slip
Always collect the printed receipt.
contains important details and helps prevent fraud.
Avoid throwing it away near the ATM.
If possible, use biometric ATMs for safer and more secure transactions.