Three persons having account with the Piravom branch of Federal Bank were duped of ₹1.33 lakh after they shared confidential account details such as the three-digit Card Verification Value (CVV) on the ATM card and the One-Time Password (OTP) with fraudsters who masqueraded as bank officials.
They lost ₹48,000, ₹50,000 and ₹35,500 respectively. They were among the eight persons who had received such calls asking for confidential account details between December 17 and January 8.
Two more persons are yet to report to the Piravom police who have registered a case following a petition filed by the bank on behalf of its customers. One of them is learnt to have lost money though the amount remains unknown.
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One of the victims rushed to the bank on learning that his son had shared the OTP with a caller, only to see money being transferred out of his account. By the time, the bank managed to stop it, the account was drained of ₹48,000. “We have launched a probe though the fraudsters are yet to be traced,” said Piravom police inspector P.K. Sivankutty.