SVMCM Scholarship Payment Failed with Bank (Solution) New Update from Bikash Bhavan!!

All the students who have applied for the Swami Vivekananda Scholarship for the academic year 2023-24 have already started the process of disbursement of money from this scholarship. In this regard, various students have faced problems. Even after the release of this scholarship money, various students are getting bank transfer fail messages.

In other words, even after the money was released by Bikash Bhaban, the money did not reach the students’ accounts . Today’s report discusses why the scholarship money “Transaction Failed” and how to get the scholarship money refunded.

SVMCM Scholarship Transaction Failed with Bank: Why does this problem occur?

Even after the release of money from Bikash Bhavan, the problem of “Transaction Failed” happens to most of the college students. This problem is also seen with school students. The problem of “Transaction Failed” is mainly due to the problem of students’ bank accounts. Now let’s see what the problem of the bank is due to this problem.

(1) Minor Account or Student Account: Most student accounts are opened by the school. In that case, if the account remains as a minor account or student account even after admission in the college, then “Transaction Failed” problem may be seen in Swami Vivekananda Scholarship. In this case, students must change from minor account to major account at the time of college admission.

(2) Tiny Account: The next problem of the bank which causes students to have trouble getting Swami Vivekananda Scholarship money credit is Tiny Account . This is a special type of account. This account has many restrictions such as:- Transactions not exceeding 10 thousand rupees in 1 month, cannot keep more than 50 thousand rupees in the account .

(3) Also, if the account is closed and if the bank account number is mistakenly given during the application or if the bank account number of someone else is applied, there may be a problem in getting the money credited to the Swami Vivekananda Scholarship.

Check Your Status » SVMCM Status Check (Fresh/Renewal) Forward & Approved Swami Vivekananda Scholarship 2023-24

How to get refund (SVMCM Payment Failed Solution)

Swami Vivekananda Scholarship portal has issued a notice to the students who have faced payment problem of Swami Vivekananda Scholarship, how they can get their money back i.e. what steps to take to get refund.

What is being said from Bikash Bhavan

All those students who have “Transaction Failed” of the scholarship should contact the bank immediately and find out from the bank why there is a problem with the money credit. You have to know everything about it.

For Any Query: SVMCM Helpline Number (Contact) & Support Email

After that, if the bank problem is solved, the Directorate should be informed through email that the problem in your account has been solved, then the money will be refunded by Bikash Bhaban.