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The Economic Times
The Economic Times

Businessman’s bank account put on hold after a Rs 2,253 transaction was flagged, requests to use the remaining balance went unanswered; High Court orders Axis Bank to release the money

A Kolkata businessman running small proprietorship firm spent nearly five months locked out of his own bank account after a single transaction worth Rs 2,253 got flagged in a cyber fraud case he says he knew nothing about. His account with Axis Bank, Dalhousie branch, held far more money than disputed amount, yet entire account stayed frozen on bank's instructions from Tamil Nadu cyber police.

Businessman repeatedly wrote to bank and police asking for details of case and requesting release of remaining balance so he could run his business. None of his letters got a response, and matter eventually reached Calcutta High Court, where Justice Rishad Medora ordered Axis Bank to immediately release non disputed funds.

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