Bihar class 9 student found Rs 88 crore in his bank account. Here’s what happened next

A student's bank account briefly held a fortune. Saif Ali wanted to withdraw Rs 500. He found crores of rupees instead. The money vanished quickly. The bank froze his account. Authorities suspect cyber fraud. An investigation is underway. The ba...

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When he checked his balance, he was shocked to see an enormous sum of Rs 87.65 crore instead.
A bizarre incident in Bihar’s Muzaffarpur left a student and his family stunned after a routine bank transaction turned into an unexpected windfall. Saif Ali, a Class 9 student, went to a local cyber cafe to withdraw Rs 500 from his bank account. However, when he checked his balance, he was shocked to see an enormous sum of Rs 87.65 crore instead.

Initial Shock and Disappearance of Funds

Both Saif and the cyber cafe owner were left in disbelief. Assuming it was a mistake, they rechecked the account, but the balance remained the same. Saif rushed home to inform his mother, and with the help of a neighbor, they went to the Customer Service Point (CSP) for a bank statement. By then, the Rs 87.65 crore had vanished, leaving just Rs 532 in his account. His account was promptly frozen.

Bank Investigates the Incident

Confused and concerned, Saif and his family visited the bank to report the irregularity. Bank officials confirmed that the large sum had disappeared from the account, restoring the balance to its original state. North Bihar Gramin Bank has launched an internal investigation to determine how such a significant amount was mistakenly credited to Saif’s account. However, bank officials have not provided a clear explanation or identified those responsible.

Cyber Fraud Suspected

Seema Devi, a Cyber DSP, suggested that this type of incident, involving funds being wrongly credited through cyber fraud, is not uncommon. It is suspected that fraudsters may have exploited Saif’s account over time, leading to the erroneous deposit. Despite the strange turn of events, neither Saif nor his family has filed a formal complaint with the cyber police station.


The investigation into the case is ongoing, with authorities working to uncover the cause of the error.
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Business News › News › India › Bihar class 9 student found Rs 88 crore in his bank account. Here’s what happened next
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