'No glitch': Kotak Mahindra Bank refutes reports of Noida man receiving Rs 1 septillion trillion. Read statement
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A day after reports emerged that a Noida man discovered an astronomical sum—Rs 1 septillion trillion—credited to his deceased mother's bank account, Kotak Mahindra Bank has issued an official statement clarifying the situation.In its statement, the bank urged customers to verify their account details through the Kotak mobile app or internet banking. It also emphasized that its systems are functioning normally, refuting claims that the massive credit was due to a technical glitch.'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. Kotak Mahindra Bank confirms that our systems are functioning normally, with all services secure and fully operational,' the statement read.According to a News24 report, the account in question originally belonged to Gayatri Devi , who passed away two months ago. Her 20-year-old son, Deepak, had been operating the account since her death.On the night of August 3, Deepak received a notification showing a credit of Rs 1.13 lakh crore (Rs 1,13,56,000 crore). Perplexed by the number of zeros, he shared the message with his friends to confirm what he was seeing.Videos and screenshots circulating online showed a staggering balance of: Rs 10,01,35,60,00,00,00,00,00,01,00,23,56,00,00,00,00,299The following morning, Deepak visited the bank to verify the balance. Bank officials confirmed the massive figure but explained that the account had been frozen due to the suspicious nature of the deposit. The case was promptly reported to the Income Tax Department, which has since launched a formal investigation.As news of the bizarre incident spread, Deepak was flooded with calls from relatives, friends, and neighbors. Unable to cope with the sudden attention, he reportedly switched off his phone.
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