IndusInd Bank
IndusInd Bank has been named in 5 documented digital harm incidents. The most common harm domain is Fraud & Financial.
Documented Incidents
535-year-old Hyderabad businessman loses ₹1.23 lakh via IndusInd Bank WhatsApp APK scam involving OTP diversion
A 35-year-old businessman in Hyderabad lost Rs 1.23 lakh after falling victim to a credit card reward point scam. He was contacted by a fraudster posing as an IndusInd Bank executive, who sent a malicious link via WhatsApp and instructed him to download an APK file onto an Android device. After entering his credit card details into the fake app, the victim noticed four unauthorised transactions totaling Rs 1.2 lakh had been processed without OTP verification. He filed a complaint with the Cybercrime Wing, prompting a probe. Authorities issued an advisory warning against installing apps from unverified sources and sharing card details. A cybersecurity researcher noted that the scam likely involved diverting OTPs to the fraudster after the APK was installed on an Android device.
41-year-old Hyderabad businessman loses ₹1 lakh to reward points scam after installing malicious APK from WhatsApp link sent by fraudsters posing as IndusInd Bank representatives
A 41-year-old businessman from Hyderabad lost ₹1 lakh to a reward points scam after installing a malicious APK file sent by scammers posing as bank representatives. The scam began when he received a call from an unknown number informing him that he had earned reward points worth ₹5,000 on his IndusInd Bank credit card. The caller, pretending to be a bank representative, assured him that the reward points could be converted into cash and sent a link via WhatsApp for the process. The incident was reported on March 29, 2025.
Chandigarh resident loses ₹3.41 crore to digital arrest scam via video call fraud
A resident of Sector 2-A, Chandigarh, was defrauded of Rs 3.41 crore in a digital arrest scam. On March 18, the victim received a call from an international number, during which fraudsters claimed a virtual bank account had been opened in his name and showed a forged ATM card via video call. The next day, the caller alleged the victim was linked to a Rs 2-crore money laundering case involving jailed businessman Naresh Goyal and threatened him with a digital arrest. The fraudsters displayed a fake Supreme Court arrest warrant and kept the victim on a continuous video call, coercing him to transfer Rs 3.41 crore into various bank accounts. Three additional suspects — Avtar Singh (21), Amritpal Singh (25), and Sunil Kumar (24) — were arrested by the UT police, bringing the total arrests in the case to five. The police are still tracing remaining suspects and attempting to recover the victim’s money.
34-year-old health sector employee loses ₹7,44,999 to malicious APK file scam in Hyderabad
A 34-year-old health sector employee in Hyderabad lost Rs 7,44,999 after downloading a malicious APK file sent by an unknown sender. The file was received four days prior and appeared to be from an account claiming to be "IndusInd Bank Online Processing." The victim, who had an account with IndusInd Bank, assumed the message was genuine and opened the link. The file prompted her to enter personal details, but she did not provide any information. The next day, she received SMS alerts about unauthorized debits from her bank account. Despite informing her bank and blocking the account, she lost all her savings through multiple transactions. A case has been registered, and the police are investigating.
37-year-old Ahmedabad lecturer loses ₹68.94 lakh to former student investment scam via UPI and loans
A 37-year-old lecturer at LD Engineering College in Ahmedabad was defrauded of over ₹68.94 lakh by his former student in an investment scam. The accused, Saurabh Pawan Kumar Trivedi, used false claims of being associated with Aditya Birla Capital and a startup called Honix Enterprises to lure the victim. Between November 2022 and November 2023, the victim transferred funds through UPI, took out multiple loans, and used credit cards to send money to Saurabh’s accounts and a firm linked to him. The victim also liquidated stock holdings worth ₹3.44 lakh, which were sent to an Axis Bank account in Saurabh’s name. Saurabh occasionally sent small amounts to cover EMIs but eventually went missing. The victim filed an FIR in January 2025 after failing to contact Saurabh, and police are investigating under charges of cheating and criminal misappropriation.