NEFT and RTGS is one of the fastest way of transfer money from sender to receiver

When you transfer money using NEFT and RTGS, if money is not credited to beneficiary it will return to your Account

NEFT and RTGS return back or failure basic reasons are Account Number is wrong, IFSC code is wrong, Connectivity failures

These are the Automatic Clearing House Return Codes

R01  refers to Insufficient Funds

R02 refers to Account is Closed

R03 refers to No Such Account or Unable to Locate Account

R04 refers to Invalid Account Number

R05 refers to Unauthorized Debit Entry Account number structure not valid

R06 refers to Returned per ODFI’s Request

R07 refers to Authorization Revoked by Customer

R09 refers to Operation Suspended in an account

R10 refers to Customer Advises Not Authorized; Item Is Ineligible, Notice Not Provided, Signatures Not Genuine, or Item Altered

R11 refers to Customer Advises Entry Not in Accordance with the Terms of the AuthorizationUsed by the RDFI

R12 refers to amount credited NRI account. Foreign transaction only accept through  foreign exchange

R13 refers to RDFI not qualified to participate Financial institution is not qualified to participate in ACH or the routing number is incorrect