A taxi driver from Punjab was in for a huge surprise on November 4 when an amount of Rs 98,05,95,12,231 was credited to his State Bank of Patiala (SBoP) account. However that joy was short lived as the money was debited the next day.
Singh made many rounds of the bank, but nobody listened to him. Instead they kept his passbook with them on November 7, and issued a new passbook without the massive entry. His balance usually is around Rs 3,000 in the Jan Dhan account.
He went to the bank several times but instead of giving him any clarity about the incident, on November 7, they just gave him a new passbook which was clear of the Rs 98 billion entry.
While the bank manager did not come forth with any explanation about the entry, lead bank manager Sandeep Garg said that the entry was a manual error. Instead of passing a credit entry of Rs 200, the assistant manager (accounts) entered the bank’s 11-digit internal Banking General Ledger account number in the amount column. The mistake was corrected the following day and the entry was reversed.
However the bank did not tell Singh about the error immediately.
Deputy commissioner Bhupinder Singh Rai has confirmed the details of the incident. An official has said that the bank acted irresponsibly on various counts. “Instead of telling the account holder themselves, they did even attend to him when he visited the branch,” the official said.
An investigation was carried out by IT officials from Barnala, Sangrur and Patiala were led by assistant commissioner Pritpal Singh. The probe went on till midnight.
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