Kotak Mahindra Bank denies ₹1.13 lakh crore credit to deceased customer’s account
Published on 05/08/2025 08:44 PM
Kotak Mahindra Bank denies ₹1.13 lakh crore credit to deceased customer’s accountThe clarification comes after a 19-year-old youth, Deepak alias Deepu, claimed that an astronomical amount appeared in his late mother Gayatri Devi’s bank account. Gayatri Devi died two months ago, but her account was reportedly still being accessed by her son. Shares of Kotak Mahindra Bank Ltd ended at ₹2,001.75, up by ₹4.80, or 0.24%, on the BSE today (August 5).By Jomy Jos Pullokaran August 5, 2025, 8:44:37 PM IST (Published)2 Min ReadPrivate sector lender Kotak Mahindra Bank Ltd, on Tuesday (August 5), has denied media reports claiming that ₹1.13 lakh crore was credited to the account of a deceased woman.
The clarification comes after a 19-year-old youth, Deepak alias Deepu, claimed that an astronomical amount appeared in his late mother Gayatri Devi’s bank account. Gayatri Devi died two months ago, but her account was reportedly still being accessed by her son.
On the night of August 3, Deepak allegedly received a message indicating an unbelievable credit of ₹10,01,35,60,00,00,00,00,00,01,00,23,56,00,00,00,00,299. Shocked, he shared the message with his friends and asked them to count the zeros in disbelief.
Also Read: Kotak Mahindra Bank reports Q1 net profit of ₹3,282 crore, net interest income increases 6%
In response to the viral reports, Kotak Mahindra Bank stated: “Media reports suggesting an unusually large balance in a customer’s account are incorrect. In light of these reports, we encourage customers to check their account details using Kotak’s mobile banking app or net banking platforms."
The bank further confirmed that its systems are functioning normally, with all services secure and fully operational. Shares of Kotak Mahindra Bank Ltd ended at ₹2,001.75, up by ₹4.80 or 0.24%, on the BSE today (August 5).
Also Read: Kotak Mahindra Bank shares fall over 6%, the most in 15 months after Q1 results; check revised targetsContinue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsKotak Mahindra Bank