What happens if an order can not be filled due to lack of funds transfer ? for example order was for 2 lac but customer transferred only 1 lac by mistake …so order will be filled for only 1 lac worth of units or the order will be completely rejected and customer will get 1 lac refund ? if customer get 1 lac refund - after how many hours/days he gets refund?
Also if customer transfer 1 lac more - next day - will it execute that order of 2 lac? @ShubhS9
Hi @curiousvi If partial funds are transferred against an order, the funds will not be mapped to the order. Further, the transferred funds will be marked as unmapped and will be refunded back to the source bank account within T+4 working days.
Additionally, in order to ensure that the NEFT RTGS order is processed, the funds must be transferred equal to the order value. Multiple fund transfers can not be mapped against an individual purchase order, however, single fund transfer can be mapped against multiple purchase orders. Please refer to this for more details.