New Delhi: A person from Uttar Pradesh’s Bhadohi district was left shocked when he acquired an sudden quantity of Rs 9,900 crore in his checking account.
Bhanu Prakash, who holds an account in Baroda UP Bank, just lately seen a stability of Rs 99,99,94,95,999.99 in his checking account which shouldn’t be plausible in his eye. After receiving an sudden quantity he rushed to the financial institution to tell them concerning the incident.
Further, the financial institution recognized that Bhanu Prakash’s account is a Kisan Credit Card (KCC) mortgage account which turns into a Non-Performing Asset (NPA), India Today reported.
The Bank 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 result of a software program bug that is linked to the NPA standing of the account.
Immediate steps have been taken to rectify the error and Bhanu’s account has been placed on maintain to manage any doable misuse, the financial institution supervisor stated.
Gautam additionally knowledgeable us that they made an effort to make him perceive the state of affairs after Bhanu’s account appeared destructive as a result of present NPA restrictions.
For NPAs, sure limits are imposed on linked financial savings accounts, typically freezing the account to forestall additional points, he stated.
