Archive · 27 Sep 2025
₹132 Crore Suspicious Transactions Found at Indore Bank
Imagine a bank in Indore that wasn't telling the government about some big money deposits.
The Income Tax Department checked the bank and found over ₹132 crore in suspicious transactions across more than 60 accounts.
These accounts had lots of money put in them, including current, savings, and fixed deposit accounts.
The bank should have told the government about these deposits but didn't.
The investigation happened over two days, and the bank is now planning to fix its reporting mistakes.
The Income Tax Department found ₹132 crore in suspicious transactions at Indore Premier Cooperative Bank.
The investigation involved 60+ accounts, including individuals and societies.
Cash deposits over ₹50 lakh in current accounts were found.
Cash deposits exceeding ₹10 lakh in savings accounts were also observed.
The bank failed to report the transactions to the Income Tax Department.
- Who
- Income Tax Department's I&CI Wing, Indore Premier Cooperative Bank
- What
- ₹132 crore in suspicious transactions were found
- When
- Investigation concluded Thursday evening
- Where
- Indore, Madhya Pradesh
- Why
- Bank failed to report transactions to the Income Tax Department.
- Bank Involved
- Indore Premier Cooperative Bank (IPC)
- Amount of Suspicious Transactions
- ₹132 crore
- Number of Accounts
- 60+
- Period of Investigation
- Financial years 2021-22 to 2024-25
- Type of Accounts Involved
- Current, Savings, and Fixed Deposit accounts
- Location of Investigation
- Head office in Siyaganj, Indore