Kotak Mahindra Bank denies viral claim of massive credit to deceased woman’s account
Published on 05/08/2025 10:39 PM
Kotak Mahindra Bank denies viral claim of massive credit to deceased woman’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, 10:39:02 PM IST (Updated)2 Min ReadPrivate sector lender Kotak Mahindra Bank Ltd on Tuesday (August 5) denied media reports that claimed an enormous amount had been credited to the account of a deceased woman.
The clarification followed allegations by a 19-year-old youth, Deepak alias Deepu, who said that a massive sum appeared in his late mother Gayatri Devi’s account. Gayatri Devi passed away two months ago, but the account was reportedly still being accessed by her son.
On the night of August 3, Deepak allegedly received a message indicating a staggering credit of ₹10,01,35,60,00,00,00,00,00,01,00,23,56,00,00,00,00,299. Shocked by the figure, he shared the message with friends and asked them to count the zeros.
Also Read: Noida youth briefly becomes ‘world’s richest’ after astronomical credit: What we know so far
Responding to the viral reports, Kotak Mahindra Bank said: “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 stated that its systems are operating normally, and all services remain secure and fully functional.
Shares of Kotak Mahindra Bank Ltd closed at ₹2,001.75 on the BSE on August 5, up ₹4.80 or 0.24%.
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)First Published: Aug 5, 2025 8:44 PM ISTCheck 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