A family from Telangana recently faced a distressing financial setback when they mistakenly transferred Rs 6 lakh to an incorrect bank account in the United States.
The funds were intended to support their son’s MS studies, but due to a small error in the account details, the money ended up in the wrong hands.
Despite numerous attempts over two months to contact both banks and resolve the issue, they have been unable to recover the funds, leaving them worried and financially strained.
This incident serves as a crucial reminder to double-check all account details before making any significant transactions, especially international ones.
Small errors can lead to significant losses, and recovering funds internationally can be complex and time-consuming.
It is challenging even within India to retrieve money sent to the wrong account, so the process becomes even more complicated with international transfers.
When sending money abroad, carefully reviewing each detail can help prevent costly mistakes. This is an important alert for all Indian parents who regularly send funds to their children studying in the USA or other countries.