Haryana Govt Funds Recovered in 24 Hours in IDFC First Bank Fraud Case

Haryana has reported major progress in the alleged IDFC First Bank case, linked to Rs 590 crore of government funds. Chief Minister Nayab Singh Saini told the Assembly that almost the entire amount was recovered within 24 hours. Most of the money has already moved into other authorised bank accounts of the state government.

According to Nayab Singh Saini, Rs 556 crore from the questioned Rs 590 crore has been transferred into Haryana government accounts in other authorised banks. Around Rs 25 crore has also been realised as interest. The Chief Minister said the recovery exercise finished within 24 hours, though account reconciliation and validation are still continuing.

IDFC First Bank case recovery and investigations

The state has set up a high-level committee, led by the finance secretary, to study how the alleged diversion happened in the IDFC First Bank case. This panel will check if any government officer or employee from any department acted together with bank staff. The government has also handed the matter to the Anti Corruption Bureau for a criminal investigation.

Nayab Singh Saini said the state keeps departmental funds in several banks, and some departments operated accounts with IDFC First Bank. He said that during routine reconciliation in mid-January, differences appeared in a few accounts. The government then instructed the bank to close those accounts and shift the full amount, with interest, to authorised banks. During his statement, Nayab Singh Saini said, 'सरकार ने तत्काल कार्रवाई की'. The Chief Minister also noted that the bank issued a letter on 21 February, after the government had already contacted the institution.

IDFC First Bank case: how the suspected fraud emerged

In a regulatory filing, IDFC First Bank disclosed suspected unauthorised and fraudulent transactions in Haryana government accounts handled by some employees at the Chandigarh branch. The bank has alerted the banking regulator about the IDFC First Bank case and has lodged a complaint with the police. Bank management is also running an internal inquiry into the conduct of the concerned staff.

The issue first surfaced when one Haryana government department asked to close its IDFC First Bank account and move the balance to another bank. While matching figures, officials noticed a mismatch between the department’s stated balance and the amount recorded in the bank’s system. After 18 February 2026, other government entities also reconciled their accounts and reported similar gaps.

IDFC First Bank case recovery figures

Officials said reconciliation is still underway in the IDFC First Bank case, and the final figure will be confirmed only after all checks and validation. The main amounts shared so far are given below.

With most money and interest shifted out of IDFC First Bank accounts, Haryana authorities are now focused on fixing responsibility in the IDFC First Bank case. The high-level committee, Anti Corruption Bureau and bank inquiry are expected to determine any official involvement and confirm the exact loss, if any, after reconciliation ends.