The refund processes vary as per the modes of payment. Here’s an overview:
IMPS – It is mandatory to provide the correct IFSC and account number for claiming the refund. Bajaj Finance Limited will conduct a Re.1 transaction in your bank account through IMPS, using the IFSC of your bank’s central office/treasury. Post verification, the refund can be processed.
UPI – You would need to provide your bank account details, along with a copy of the bank account statement or a cancelled cheque. The refund will be processed on verification of your bank account details..
Cheque/ TPT fund transfer/ NEFT/ RTGS – Bajaj Finance Limited will conduct a Re.1 transaction in your bank account through IMPS, using the IFSC of your bank’s central office/ treasury. After the verification of the account, the refund can be initiated.
NRO FD – You need to provide the correct IFSC and account number to claim the refund. A Re.1 transaction will be conducted by Bajaj Finance Limited through IMPS, using the IFSC of your bank’s central office/treasury. After verifying the account, the refund will be processed.
Online billdesk payment – The amount will be refunded to your account, as per details shared by the billdesk. You may be required to verify your account details for account validation.