Mistakes are part of our lives. Meaning of Perfect is almost non-existent in reality. However, some mistakes may prove to be costly, especially ones which only monetary value. We know the world has gone online. You can now transfer money to anyone from anywhere without even visiting a bank. All you need is a net banking account and the beneficiary details. But, what if you transfer money to a wrong account? Are there chances of getting it back? Here is a real life example of one such recent incident.
Mr. Raj Kishan Singh, Director of Global Universal Exim Pvt. Ltd had asked his employee to transfer an amount of Rs. 25 lakhs to Mr. Amit through internet banking. However, the employee made a mistake in adding up the account details and instead transferred the amount to a wrong account (Pankaj). Mr.Raj filed a case stating that Pankaj has refused to return this amount to him. He also accused him of withdrawing an amount of Rs. 5.8 lakh from the transferred amount.
Recently, Delhi court had stated that until the right beneficiary of the amount is proved, it cannot make a proper decision and refused to grant relief to Mr. Raj in this case. Now, the onus is on Mr. Raj to prove that the real beneficiary was someone else and only then the court would be convinced and announce a decision in his favour.
This is the first such incident filed in the court. Many such smaller incidents have not come to light yet. It clearly talks about the amount of caution to be observed while transacting online. Every time you add an account or make a transaction, make sure you check the details of the beneficiary such as name, account number, bank name and branch, etc. There is no point in repenting later.