Savings account freeze. Need Guidance for fraud chargeback

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Yodaa
On 8th May, I got message from SBI for xxxxx hold & on same day my other indusind account got frozen too.

Sbi just mentioned the reference number with no details on any transaction or reason

Indusind was worst no communication on message/mail anything.

I called both customer support & they said to physical visit branch. Now, even after visiting branch, sbi didn't provide any thorough information on which transaction or reason just mentioned the request came from Cybercrime. Only good thing is they put lien on exact amount.

Where's I visited indusind & they said the transaction was for Jul 2023 for which cyber crime report was reported. Now, even after checking many logs I couldn't find exact amount that is reported & worst thing is they put lien on entire account instead of the reported one.

I also do freelance, run campaigns things for small business . Also had few P2P transaction related to crypto (Less than 5-10). At first I thought someone backfired on crypto but the amount reported is very high & nowhere close to crypto(so this is ou

So, anybody have any idea how to fix this? One report is from Kolkata & another from haryana. It should be same person coz both my acc got freeze on same day.

Banks are not ready to provide anything in written nor copy of cybercrime. Nor I have received anything from them.

This was one of the reason i take payment only in amazonpay Gv here but somehow still got f big time. Any guidance appreciated

Note - No I have not received any wrong payments nor did I scam anyone.
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I suggest everyone doing P2P for crpto, stop doing this. Find some local guy to buy sell crypto. I have seen NIA summons too for P2P transaction. I have been to this business for years but now days terror funding too getting fulfilled by crypto.

Reason for ur account block- Some scammer ripped off people using latest scams like fake stock market app , telegram groups etc and convert that money to crypto. So all the account received that money using P2P are freeze. Fake account fake kyc to P2P platform is a peace of cake now days.

If you are not getting details for transaction file a online RTI at SBI your circle mean time doing other efforts to get to the root. At the end you have to visit end office of Cyber crime in the state where complaint had launched. You will meet tauts and internal people helping solve the issue in single visit.   

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Deal Cadet Deal Cadet
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Find statement of that particular month and check for the exact amount of txn. And if u have transferred money from ur sbi to indus that might be reason for freezing the indus account. Because they freeze in chain.

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Thanks this could explain possibly explain my 2nd bank freeze as I frequently keep on transferring between accounts but I have sbi with fixed amount mentioned wheras indus is completely gone with no lien amount

Blaze Blaze
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What are the chances that the person who reported had reported wrongly. He or She might want to report some thing else but by mistake reported your transaction.

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No this is serious thing & I don't think someone can make some mistake except fraudsters & scammer who do it intentionally

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Avant Garde Avant Garde
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it's because of crypto transaction.

The PostMighty The PostMighty
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Yes i have also heard many bank freezes.coz crypto or p2p txn... maybe the reason behind is many ppls do fraud money getting white due to this

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Flame Flame
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Have bank told you, how you can reach to cyber crime unit and get it rectified ? 

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Nothing except where it was reported. Logically they should have provided the relevant police chowki or mail/phone but here literally no support

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Deal Cadet Deal Cadet
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Whatever the reason being the rule is very very wrong. They can't find the real scammers and freeze accounts of innocent people. What if someone have fd etc? What if it's a salary account? Many long term things are linked with bank accounts. Top of everything, the cyber crime dept in many states are asking bribe to unfreeze even asking to come to their state as well. Account freezing process should not be a child's play. I have watched many videos on yt and i literally fear to take money from others nowadays. These things must be changed. worried

Deal Hunter Deal Hunter
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Most probably for crypto p2p transactions. 

Try to fix this via bank or last option is to visit that reported cyber police stations to fix it. Carry all the proofs while visiting cyber police station. They easily unfreeze it if all docs are genuine. 

Deal Cadet Deal Cadet
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But who raises complaint after 1 year ? Is the date given for transaction in your bank or the main transaction for which the freeze happened?

Deal Newbie Deal Newbie
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Same issue with me. The whole account is frozen for more than a month. Mine is Kotak Bank. I have repeatedly asked to provide the Cybercrime report or complaint number but neither any email to Kotak Ombudsman nor the branch has provided any information. And when I visited the police station's cybercrime person said to provide the complaint number and then only he can do anything. In my case, Kotak is not even telling where the complaint is from nor the transaction for which it is frozen. I am stuck too with no help available whatsoever.

Deal Subedar Deal Subedar
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VU+ for the post for many to respond to find a solution

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I suggest everyone doing P2P for crpto, stop doing this. Find some local guy to buy sell crypto. I have seen NIA summons too for P2P transaction. I have been to this business for years but now days terror funding too getting fulfilled by crypto.

Reason for ur account block- Some scammer ripped off people using latest scams like fake stock market app , telegram groups etc and convert that money to crypto. So all the account received that money using P2P are freeze. Fake account fake kyc to P2P platform is a peace of cake now days.

If you are not getting details for transaction file a online RTI at SBI your circle mean time doing other efforts to get to the root. At the end you have to visit end office of Cyber crime in the state where complaint had launched. You will meet tauts and internal people helping solve the issue in single visit.   

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Thanks I thought kyc exchanges were safe but looking at everyone commenting it could be crypto seems like I made a bad choice.

Indusind guy finally agreed to provide details  & asked to visit in evening. For sbi it's still tricky & don't have any luck yet.

Thanks god i have CC's nai toh they literally froze everything i had in bank. Pretty sad state of affairs from lawmakers

Community Angel Community Angel
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Best example of andher nagri stupid rules only to harass innocents

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Received all details from SBI as well contacted telangana cybercrime branch.

As most of you said it was for crypto transaction only.

So, I sold crypto to one guy on registered p2p platform. I sold him & took payment in account 1 & transfered a chunk to account 2 (after 2/3days).

So my account 1 is completely freezed & account 2 is freeze for xx amount.

As per Cybercrime, somebody raise fraud complaint for the buyer's account & the moneytrail reached my account resulting in my account sfreeze.

Cybercell asked few documents after due diligent they can provide noc for same. Luckily, the buyer agreed to share kyc documents too will see how it goes.

Time frame given by cybercell 15days to 3months. Hoping for best.

Deal Newbie Deal Newbie
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Further three months! over 'nothing' is criminal. And then too, three can become thirteen.
https://www.mondaq.com/india/crime/1299394/freezing-of-bank-accounts-by-investigating-authorities-breaking-the-ice-on-the-legal-position-and-remedies
I too suggest approaching the court for intervention.
https://www.thehindu.com/news/national/tamil-nadu/bank-accounts-cannot-be-frozen-under-uapa-without-satisfaction-that-funds-are-being-used-for-banned-outfit-madras-high-court/article68005087.ece
Blanket freeze on the 'whole' account is in contravention of the court orders
and any contempt by law enforcement agencies or companies can immediately be brought to the notice of the courts.

Hope it resolves faster and without much more hassles.
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