Brokers Selling Bank Accounts Like Grocery Items, Prices Start at ₹7,000: Inside India's Black Market of Bank Accounts
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Summary
An undercover investigation has exposed a black market where bank accounts are being sold by brokers for as low as ₹7,000. These accounts are created using documents from unsuspecting job seekers and ...
Key Details
Published
18 August 2025 at 03:00 pm
Source
The 420
Channel
telegram
Victim Profile
job seeker
State
NA
City
NA
Amount Loss Range
NA
Fraud Keywords
bank account sellingmule accountskyc frauddocument misusebc point exploitationtransaction limit bypassblack market accountsbank account traffickingcredential harvestingidentity theft
Tags
Digital Footprint
WhatsApp (communication platform)Telegram (communication platform)Business Correspondent (BC) points₹7,000 (starting price for basic accounts)₹18,000 (price for ₹1 lakh limit accounts)₹60,000 (price for ₹25 lakh limit accounts)₹6 lakh (price for ₹1 crore limit accounts)₹30 lakh (price for ₹5 crore limit accounts)