https://www.taxtmi.com/news?id=72962 Consumer protection jurisprudence concerning failed ATM transactions and the liability of the card-issuing bank to reverse wrongly debited funds promptly. A consumer court found deficiency in service where cash was not dispensed from an ATM but the customer's account was debited, and the amount remained unreversed for several months despite repeated complaints. RBI norms require reversal within five days and provide compensation for delay, with accountability placed on the card-issuing bank even when the withdrawal was attempted at another bank's ATM. en-us Sat, 23 May 2026 17:46:03 +0530 Sat, 23 May 2026 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72962 Consumer protection jurisprudence concerning failed ATM transactions and the liability of the card-issuing bank to reverse wrongly debited funds promptly. A consumer court found deficiency in service where cash was not dispensed from an ATM but the customer's account was debited, and the amount remained unreversed for several months despite repeated complaints. RBI norms require reversal within five days and provide compensation for delay, with accountability placed on the card-issuing bank even when the withdrawal was attempted at another bank's ATM. News - Sat, 23 May 2026 17:46:03 +0530 https://www.taxtmi.com/news?id=72962