Online banking perils: Mumbai woman transfers Rs. 7 lakh to wrong account; so it happened


The dangers of online banking were clearly explained to this woman who accidentally transferred a huge sum of money to the wrong account and the man refused to return it.

Online banking has made it easy to transfer money online from one account to another. You just need to have internet enabled and a bank account to transfer money. The whole process is available at your fingertips. But what if you mistakenly send money to the wrong account? Well, it will surely be the lucky day for the person who received the money, but for the person who lost the money, it will be nothing less than a nightmare! Something similar happened to a 38-year-old woman living in Mira Road, Mumbai. She was transferring money to one of her relatives, when she accidentally filled in the wrong bank account number and instead of sending it to the required person, she transferred a huge amount of rupees. 7 lakh to bad bank account holder living in Mumbai, Times of India reported.

As soon as the woman realized what had happened, she rushed to contact her bank. Unfortunately, the bank refused to help her because it was her fault when sending the money and there was nothing they could do. Later, she approached the cyber cell to intervene in the matter who quickly extracted the information of the person who accidentally received the money. The cybercell asked the person to return the money.

However, the interesting part is that the person refused to return the money! Reports claim that he refused to return the money while claiming that he won the amount in the lottery. However, when the cybercell threatened to take action against him, he agreed to transfer all the money. Within two days, the woman got her money back from the account on July 2.

And that’s not just one case! It’s a lot more common than you might think. In 2018, a 40-year-old woman from Mumbai lost Rs. 7 lakh while sharing her OTP with an online fraudster who claimed to be a bank manager, a report from Mashable India shared. In another case in 2019, a 28-year-old woman from Mumbai lost Rs. 7 lakh to a fraudster who claimed to be from the United States. She was apparently used to receiving gifts from him. However, by the time she realized this, she had already spent a huge amount of her savings on him.

A small mistake or negligence when sharing money online can cost you dearly! Therefore, it is always advisable to transfer money only to an account that you have identified and verified at least twice. Also, do not share any OTP or personal data with any unknown person.

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