As this thread mention that bank reversed the payment came through paypal after long long time. I would like to know any body more facing this problem where he had account with AXIS HDFC ICICI bank. http://forums.digitalpoint.com/showthread.php?t=1683987 please reply.
Happening with HDFC Bank. So, I stopped doing it to HDFC and only using SBI and ICICI now a days. Not sure, why it happened with HDFC . It reversed it for more than 6 times and half of my money got deducted in stupid charges only.
Well if money got credited within your bank account then it's impossible to get reversed without concern with us and Bank needs permission from us, they can't reverse money from us since it's done with NEFT!
As of now, no one knows what's really wrong. If payments are getting reversed, then one thing is sure. It is either the RBI or one of the banks that has done this reversal. Paypal couldn't have reversed these payments on its own. The best thing to do now, is to contact your bank. Do it in a proper manner and give them all the details. If possible, file a formal complaint with the bank. If it is happening, it can't be impossible.