UP: Rs 99,99,94,95,999.99 Credited In Account After Bank Software Goes Wrong

Imagine waking up to a message stating that your bank account has been credited with crores of rupees. Initially, you might feel thrilled, but soon, you would likely suspect a scam and notify the bank. This is exactly what happened to Bhanu Prakash from Bhadohi district in Uttar Pradesh. He was astonished to see Rs 9,900 credited to his account. After reporting the incident to the bank, he discovered it was due to a software glitch.

Software Glitch Turns Kisan Credit Card Loan into Multi-Crore Bank Balance

Bhanu Prakash couldn’t believe his eyes when he happened to see his Baroda UP bank account show Rs 99,99,94,95,999.99. It was learned that a bug in the banking software resulted into the erred sum being reflected on the account, after it accidentally become a Non-Performing Asset (NPA) from an original Kisan Credit Card (KCC) loan account.

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Bank Takes Swift Action to Correct Software Error Reflecting Massive Sum in Account

Rohit Gautam, the bank’s branch manager, was quoted in news media reports that a software glitch ended up in the reflection of a huge money in the man’s account, and said that immediate steps were underway to resolve the issue. Having communicated what had happened to the account holder, the official stated that his account was put on hold for a while until the mistake was rectified and to avoid any potential misuse.

In a similar case last year, a man from Chennai received Rs 753 crore (Rs 753,48,35,179.48) in his account when his friend only sent him two thousands rupees. It was again an error resulted in the bank software that credited Mohammad Idris’ account with the huge amount, unexpectedly.

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