📷 Image: Wikimedia Commons / Jayanta (Talk)
Crime
HDFC Bank Refunds ₹4.5 Cr to 13 Depositors in Shopian Fraud Scandal
✍️ Daily Excelsior
🗓 15 Sep 2026, 01:46 PM
👁 66
HDFC Bank has refunded a total of ₹4.5 crore to 13 customers whose accounts were affected by a fraud scheme in Shopian, Jammu & Kashmir.
HDFC Bank has refunded a total of ₹4.5 crore to 13 customers whose accounts were affected by a fraud scheme in Shopian, Jammu & Kashmir.
The bank confirmed that the refunds were processed after an investigation revealed unauthorized withdrawals linked to a fraudulent operation. The affected depositors, whose balances had been siphoned, received full compensation for the amounts lost.
HDFC Bank has stated that it is cooperating with local authorities and has tightened security measures at its branches in the region. The incident underscores the need for enhanced vigilance against banking fraud in sensitive areas.
The bank confirmed that the refunds were processed after an investigation revealed unauthorized withdrawals linked to a fraudulent operation. The affected depositors, whose balances had been siphoned, received full compensation for the amounts lost.
HDFC Bank has stated that it is cooperating with local authorities and has tightened security measures at its branches in the region. The incident underscores the need for enhanced vigilance against banking fraud in sensitive areas.