diff --git a/src/mappings/events/balances.ts b/src/mappings/events/balances.ts
index 9aad7669..92600084 100644
--- a/src/mappings/events/balances.ts
+++ b/src/mappings/events/balances.ts
@@ -1,4 +1,5 @@
 import { Balances } from '../../types';
+import { BALANCE_FIELDS } from '../constants';
 import { b64decode } from '../utils';
 import { CosmosEvent } from '@subql/types-cosmos';
 
@@ -22,11 +23,28 @@ interface BLDTransaction {
   amount: string;
 }
 export const balancesEventKit = () => {
-  function getAttributeValue(decodedData: DecodedEvent, key: string) {
-    const attribute = decodedData.attributes.find((attr) => attr.key === key);
+  function getAttributeValue(data: any, key: string) {
+    const attribute = data.attributes.find(
+      (attr: Attribute) => attr.key === key
+    );
     return attribute ? attribute.value : null;
   }
 
+  function getData(cosmosEvent: CosmosEvent) {
+    let dataAlreadyDecoded = true;
+    const value = getAttributeValue(cosmosEvent.event, BALANCE_FIELDS.amount);
+
+    if (!value) {
+      dataAlreadyDecoded = false;
+    }
+
+    const data = dataAlreadyDecoded
+      ? cosmosEvent.event
+      : decodeEvent(cosmosEvent);
+
+    return data;
+  }
+
   function decodeEvent(cosmosEvent: CosmosEvent): DecodedEvent {
     const { event } = cosmosEvent;
 
@@ -133,6 +151,7 @@ export const balancesEventKit = () => {
     validateBLDTransaction,
     getAttributeValue,
     decodeEvent,
+    getData,
     addressExists,
     createBalancesEntry,
     updateBalance,
diff --git a/src/mappings/mappingHandlers.ts b/src/mappings/mappingHandlers.ts
index 22d614d4..791136e3 100644
--- a/src/mappings/mappingHandlers.ts
+++ b/src/mappings/mappingHandlers.ts
@@ -177,21 +177,22 @@ export async function handleTransferEvent(
   }
 
   logger.info('Event:TRANSFER');
+  logger.info(`Event Data:${JSON.stringify(cosmosEvent.event)}`);
 
   const balancesKit = balancesEventKit();
-  const decodedData: DecodedEvent = balancesKit.decodeEvent(cosmosEvent);
-  logger.info(`Decoded transaction data ${JSON.stringify(decodedData)}`);
+  const data = balancesKit.getData(cosmosEvent);
+  logger.info(`Decoded Data:${JSON.stringify(data)}`);
 
   const recipientAddress = balancesKit.getAttributeValue(
-    decodedData,
+    data,
     BALANCE_FIELDS.transfer_recipient
   );
   const senderAddress = balancesKit.getAttributeValue(
-    decodedData,
+    data,
     BALANCE_FIELDS.transfer_sender
   );
   const transactionAmount = balancesKit.getAttributeValue(
-    decodedData,
+    data,
     BALANCE_FIELDS.amount
   );
 
@@ -269,18 +270,19 @@ export async function handleBalanceEvent(
   }
 
   logger.info(`Event:${event.type}`);
+  logger.info(`Event Data:${JSON.stringify(cosmosEvent.event)}`);
 
   const balancesKit = balancesEventKit();
-  const decodedData: DecodedEvent = balancesKit.decodeEvent(cosmosEvent);
-  logger.info(`Decoded transaction data ${JSON.stringify(decodedData)}`);
+  const data = balancesKit.getData(cosmosEvent);
+  logger.info(`Decoded Data:${JSON.stringify(data)}`);
 
   const address = balancesKit.getAttributeValue(
-    decodedData,
+    data,
     BALANCE_FIELDS[event.type as keyof typeof BALANCE_FIELDS]
   );
 
   const transactionAmount = balancesKit.getAttributeValue(
-    decodedData,
+    data,
     BALANCE_FIELDS.amount
   );