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What actually happened:
Many posts claimed a Noida man discovered ā¹10ānonillion (a 37ādigit number) in his late motherās Kotak Mahindra Bank account, suggesting something crazy like 1 septillionātrillion rupees .
The story spread rapidly with flashy balance screenshots and claims of it being nearly 300āÆmillion times larger than Indiaās economy .
š¦ Hereās the official word from Kotak:
Kotak Mahindra Bank formally denied that any such amount was credited to any account. They say no glitch, no bogus depositāthe systems are functioning perfectly fine .
They urged customers to verify balances via their official app or online banking channels .
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ā Should you believe it?
Absolutely not. The bankās denial stands firm, and thereās no legitimate verification from Kotak or authorities about any giant deposit. It looks like social media mischief or misinformation.
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š A deeper investor perspective:
1. Check procedural integrity: If such a sum were real, regulators like the RBI and Income Tax Department would be involvedānot just frozen the account.
2. System reliability matters: Banks donāt allow arbitrary multi-decimal corruptions to propagate into true account balancesāthere are transactional checks.
3. Media literacy is key: Viral anecdotes often omit source corroboration. Trendy sensationalism doesnāt mean truth.
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Bottom line:
This whole ā¹10ānonillion story is almost certainly fabricated or a result of misinterpretation. Kotak has explicitly refuted it. No real deposit happenedājust another flashy myth on the internet.
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Wondering what would happen if such a huge error occurred?
Immediate account freeze.
Regulatory escalation (RBI, FATF compliance).
Forensic IT audit, token rollback or reversal procedures.
Potential investigation into moneyālaundering or system breach.
It's time to buy BTC another peak surprise incoming.