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When would IBFT on Net Banking fail?

Banking fail ibft NET
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When would IBFT on Net Banking fail?

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IBFT may fail due to the following reasons: • If you have not given the correct details for the beneficiary (including the beneficiary account number, IFSC code number or the beneficiary name. In such a case, if the transaction is rejected by the beneficiary bank we will reverse the funds to your account once we are in receipt of the funds from RBI. • If your account that you have indicated for the debit does not have the sufficient clear funds to cover the IBFT requested or has debit restrictions that lead to failure of debit.

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