New Delhi: A person from Uttar Pradesh’s Bhadohi district was left shocked when he obtained an surprising quantity of Rs 9,900 crore in his checking account.
Bhanu Prakash, who holds an account in Baroda UP Financial institution, not too long ago observed a steadiness of Rs 99,99,94,95,999.99 in his checking account which is just not plausible in his eye. After receiving an surprising quantity he rushed to the financial institution to tell them concerning the incident.
Additional, the financial institution recognized that Bhanu Prakash’s account is a Kisan Credit score Card (KCC) mortgage account which turns into a Non-Performing Asset (NPA), India In the present day reported.
The Financial institution department supervisor, Rohit Gautam stated that this standing triggered a software program glitch which triggered an incorrect reflection of cash within the account.
Gautam stated that they assured Bhanu Prakash that the displayed quantity was as a consequence of a software program bug that is linked to the NPA standing of the account.
Fast steps had been taken to rectify the error and Bhanu’s account has been placed on maintain to regulate any potential misuse, the financial institution supervisor stated.
Gautam additionally knowledgeable us that they made an effort to make him perceive the scenario after Bhanu’s account appeared adverse because of the current NPA restrictions.
For NPAs, sure limits are imposed on linked financial savings accounts, typically freezing the account to stop additional points, he stated.
