- This topic has 61 replies, 42 voices, and was last updated 1 year, 2 months ago by
.
-
Posts
-
-
V
I have a secondary bank account where I receive rental income, small payments from agriculture, Amazon refunds, and similar random income.
About 15 days ago, I got a call from someone (let’s call him Mr. X) claiming he accidentally deposited 20,000 rupees into my account through a cash deposit machine. He says it was meant for his account but was mistakenly transferred to mine.
At first, I thought it was a scam and hung up. But out of curiosity, I checked my bank statement and saw the deposit. Now I’m unsure if it was actually Mr. X’s money or just another payment from one of my tenants, farmers, etc. Since I can’t track every small deposit, it’s hard to verify.
Here’s my dilemma:
1. If Mr. X is genuine, I don’t want to keep his money—it feels wrong.
2. However, since it was a cash deposit, the bank can’t reverse it without an account to transfer it back to.
3. If I return the money, what if someone else (let’s say Mr. Y) comes later claiming it’s his money?
4. Worse, what if Mr. X uses the money for illegal activities? How do I prove to the authorities that I was simply returning money that wasn’t mine?How can I handle this situation ethically without putting myself at legal risk? Any advice would be really appreciated.
-
FLet Mr X approach appropriate authorities for the reversal of the transaction. Under legal order, your bank will oblige. Until then I would not touch that money, nor would I transfer it to some random bank account.
-
-
-
-
-
-
VHe contacted his home branch. They found out the account money was deposited to in the cash deposit machine based on time. And based on the account number, they found the contact number.
This is what Mr. X has said to me.
It does sound very fraud like, right? It’s such a wierd incident.
-
MNo bank has authority to give customer details to unrelated party. At most the related bank manager can call you, not the customer. Definite fraud.
-
PI wish that was the the case, this is India and privacy is a joke. My family works at PSU banks and they are all very nonchalant about these things.
I can totally imagine a bank employee being “helpful” and sharing the contact information of OP.
-
-
IBS. I went to hdfc once. And those people won’t even give me their own customer support email or number.
-
-
-
PBanks have contacted family and friends regarding my credit card debt. Even people whose numbers I don’t have.
Privacy is a fucking joke in this country.
-
-
-
BEverything here sounds fraud
When you deposit cash in machine, you have to enter your account number two times for confirmation and then it shows your name on the screen before even depositing the cash
And if you are using debit card for deposit it directly goes in your account
There’s no wayy someone can deposit cash is another random account even by mistake, somethings not right here
-
VTHIS IS WHAT I AM THINKING TOO.
1. Double entry of account number
2. Name Flash
3. Receipt at end (which he doesn’t have!)
-
IDon’t think so much.
1. It’s a scam.
2. It’s his problem to get the money back.
Let me tell of this scam but it works in 2 folds. First the scammer will deposit money to your account. You will be contacted and then you’ll be asked to send that amount back. You do that. No problem. Then, those scammers will go to their bank and tell they sent you money by mistake and ask for reversal. The banks do their job and now scammer got his money AND your money.
-
-
-
-
-
-
-
-
-
-
VI have contacted my branch regarding this and they said since it was deposited by cash, they can’t reverse it. I have to do it on my own. But doing it on my own brings forth those issues I have listed.
So I am thinking of asking Mr X to send the following –
1. Affidavit signed by first class magistrate where he gives his KYC details + how he is the owner of the money he sent me + how the transaction was done by his own error.
2. Indemnity bond indemnifying me and my heirs etc from any and all legal and financial issues that can arise out of a reverse transaction I will do into his account.
3. 2 additional surety from his side promising to bear any financial and legal cost that might arise from my reverse transaction.
Will this do?
-
-
MSuper fraud. Block his number, ask him to approach his bank. And yes, do not spend the 20k.
If he says it was accidentally deposited, ask for his account number, if they differ by a digit or so it can be genuine, but otherwise guaranteed fraud.
In any case he has to do the paperwork,not you. -
-
-
-
-
USimilar thing happened with me for me also Mr X was a genuine person accidentally deposited 40k in my account and when he went to branch his manager raised a cyber complaint of wrong credit on my account which I was not aware of and meanwhile I verified all documents of Mr X and returned the amount with my other bank account then after some time due to the cyber complaint my axis Bank blocked that amount.
It’s been 6 months Axis bank didn’t unblock the amount and every time I go to the branch they ask a new document or letter from Mr X and his branch manager, which Mr X always send, he has been supportive but I am the victim now as I returned the amount.Advice: Ask Mr X to raise complaint in Cybersecurity for Wrong credit and inform your manager I got wrong credit of this much amount on mail or in person is better
-
VDaaayum! Thank you so much. This was very helpful. So even if I pay him directly, there is the risk of my money getting blocked so I will be literally a victim.
-
-
-
KTry out the cash deposit machine workflow and see if it is even possible to deposit without a debit card, using only an unauthenticated a/c number and no phone number / PIN / OTP.
Seems a bit flawed – but it maybe possible to allow people to deposit into other people’s accounts.
However if X was trying to deposit to their own account – why did they not go thru the debit card workflow? Or is there another Y trying to deposit to X who mistakenly put in OP a/c number?
-
SOne thing that you should definitely do just to be safe is to transfer all of “YOUR” funds into a different account.
Just keep the amount in contention plus a minimum balance.
If your account gets a freeze( a very slim possibility), you’ll be safe. -
-
-
SDon’t do anything. Don’t transafer money by yourself, it that money belongs to someone else and and he claims it then bank can put lien on your account for amount. Here Mr X can complain to his base branch, bank will verify that and they might take letter from you to give permission to debit your account. You don’t have to initiate any transaction from your side.
-
-
CSince it is a cash deposit, you are legally entitled to keep it. Does the cash deposit machine issue an acknowledgement slip? You could ask for a copy of it as proof.
There is no legal issue here. You can keep it or return it. A simple affidavit ought to be enough. If you want to return the money.
As for the phone number. The bank/branch has given it to him.
-
-
-
PFirst remove all your money from your account, minus the amount he accidentally transferred , then ask him to raise a complaint with his home branch. Do not spend the amount he transferred ‘accidentally’ .
-
-
VFirst Inform the branch giving details of the Transaction.
Write a letter or email to the bank. If letter make sure to get the seal on the letter as acknowledgement. Can be used if your account get blocked/frozen later .
You can ask the bank to create a hold so that the money is not used up by you. The bank may not add a hold.
Never ever transfer to a different account than the one the money came from. They will ask to transfer amount to a different account or UPi and then raise a dispute and you will lose the money. If you are sending the money back to same account , you can at least tell that the money is send back if they try to freeze account later. But you should not transfer it back. Ask them to raise complaint in their home branch or digi sathi.
-
-
-
-
NNow the thing is, ask Mr X to go to his Bank branch and tell them what happened, the branch will raise a request to your Bank and let them know about the wrong transaction, then your bank will inform you about the wrong transaction so if you agree to make the reversal payment then it’ll be transferred from your Bank to their Bank and they’ll transfer the amount to Mr X. It is best to involve bank as youre not sure about the other person intention.
-
-
-
-
