An unidentified fraudster has allegedly siphoned off Rs 14.87 lakh from the fixed deposits of an 83-year-old man in Maharashtra's Thane city, police said on Monday, reported news agency PTI.

The victim, resident of Kolbad area, had a joint savings account with his wife in a private bank, where he had also parked a significant amount in fixed deposits (FDs), reported ANI.

An unidentified person, without the victim's knowledge, allegedly accessed the online banking system and prematurely broke his FDs, an official from Rabodi police station said, reported ANI.