This man managed to withdraw Rs 18 lakh from Indian Overseas Bank ATM! Here's what happened next
How much money you can withdraw from an ATM? All banks have limits on the maximum amount one can withdraw from their accounts.
How much money you can withdraw from an ATM? All banks have limits on the maximum amount one can withdraw from their accounts. However, a man in Uttar Pradesh's Muzaffarnagar district managed to withdraw over Rs 18 lakh from his account and flee. He has been caught after months.
Uttar Pradesh police said today that they have arrested a man for illegally withdrawing over Rs 18 lakh from an ATM in Shamli district with the help from the bank manager. The accused, Chetan Kumar, illegally removed Rs 18,37,300 from the ATM of the Indian Overseas Bank (IOB) branch in Banti Khera area, Superintendent of Police Dinesh Kumar said.
Dinesh Kumar said the bank manager Robin Bansal helped Chetan Kumar in withdrawing the money from the ATM and he is absconding after the police investigation threw light on his possible involvement in the theft case.
The bank manager provided Kumar the expertise and the password to open the ATM, the police official said. Police had registered a case in the matter on March 4 this year. The matter came to light after customers filed complaints with the bank about the shortage of cash in the ATM.
(With agency inputs)