Hello to Hive Fam!
I hope that life is treating you well wherever you are in this part of the world.
A bank account is essential for all of us because it is something we use for day-to-day payments and also to keep fiat money. Nowadays, this is becoming a big problem for a lot of people, and they have to struggle a lot with their bank accounts. It is happening because of cybercrime, but innocent people are facing more problems due to the misuse of cyber law. This law is for the betterment of the people, but now it has become a kind of weapon that is affecting a lot of innocent people, and their money is frozen with the bank, and they are not able to use it. There are a lot of cyber criminals trying to steal money from innocent people. Cyber law is there to prevent those incidents. However, it is not effective if you look at the real figures.
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I got a freeze on my bank account all of a sudden, and I did not do anything, which can be called an anomaly. I mean to say that I use my bank account for all these day-to-day payments, and I prefer using a credit card, so sometimes I don't use my bank account for many days. I got a notification from the bank that my bank account is frozen because of a cyber complaint. I was surprised that it had happened because I did not do anything apart from my regular way of using the account. So I contacted the bank, and I got to know that I got some money from my friend, which is disputed money. I reached out to my friend, and he also got that money from one of his relatives. It is very normal that people often receive money from friends and relatives, and it's nothing to be considered as fraud or anything wrong with it.
It was something new for me, so I dug down and figured out that somebody did hack a bank account and that money followed the trail, so my friend and I are part of that trail, because of which we have got the account freeze. In India, they have a cybercrime police department that works in such a way that any complaint filed by any individual will be registered through a phone call or online. The police will immediately track the trail and freeze all the bank accounts without investigating anything. Like, in this case, I did not do anything wrong, and even my friend did not do anything wrong, but we both are facing banking issues because we got that disputed money. Ideally, in this scenario, there should be a lien that makes sense, but the bank did not bother to think about how account holders will face the problem. Rather, they put a complete freeze on the bank account.
The amount I received is very small, but all my money is on hold because of that tiny disputed amount, and now I don't know how to get it fixed. The bank is saying that they cannot do anything since they followed the instructions of the cyber police. So I need to reach out to the cyber police. Another pathetic part is that these police officers are not replying to the email and calls, so it is really very difficult to connect with them. This investigation process is very slow, and I got to know that there are people whose bank accounts got frozen a few years back, and the investigation is still not completed, so now you can understand how big this problem is.
I am frustrated with this because I have not done anything wrong And without even checking that the police had issued the instruction to freeze my bank account without even figuring out whether I'm invol in this scam or not. as per the government rule freezing a bank account is the violation of humans basic right but nobody's bothered when I'm talking about the bank and the police system. they just frozen my account bank account without even letting me know that this has happened So they frozen my bank account first and after that they sent a notification which is really a very bad way of working.
I did some research on the topic, and I found out that a lot of people are struggling with this problem, where banks are not supporting at all, and it makes sense because technically the banks are taking this as an opportunity where they can use the fund. Obviously, since my bank account is frozen, the money remains with the bank, and they can do whatever they want since they're not going to unfreeze the bank account unless they get the NOC issued by the Cyber Police. getting an NO from Cyber Police is a tough task and not everybody can do it easily because sometime those complaints are registered from other States and for such a small amount it is not feasible for people to travel that place So in a way banks have got free money which they can use and earn money out of it And they need not to pay anything since account is frozen.
In India, millions of bank accounts are frozen, and every day, thousands of bank accounts are also frozen, so imagine how big a scam is going on where technically the bank is making money just for the sake of government rules, which is actually not true because, as per the government rule, they should not put the bank account on freeze. They are supposed to put in what they are not doing since it is not beneficial for them, but putting a complete freeze gives them a whole chunk of money, which they can use for years. The other side of the story is that out of millions of bank accounts that are frozen, not even 5% accounts are investigated by the cyber police. So it is another bad scenario where the police are not doing anything, and innocent common people are going through a lot of problems. Since I'm going through this, let's see how much time it takes for me to get this issue sorted, for me, and to be honest, I have no idea, since it is happening with me for the first time. Thank you!
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