When a Repayment Fails: Refund Timelines Explained
Sep 01, 2026
New Delhi [India], September 1: Money left your account, but the loan repayment didn't go through. Now you're staring at a smaller bank balance and a payment that's still showing as pending or failed. It's frustrating, and the worst part is that nobody seems to give you a straight answer about when you'll get your money back. The good news is that in India, the answer is not actually vague. The RBI has fixed the timelines and even attached a penalty when banks miss them. Most people just don't know it.
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