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UP Man Receives Rs 9,900 Crore Credited Into His Bank Account, Know What Happened Next

The bank's investigation revealed that Bhanu Prakash's account was a Kisan Credit Card (KCC) loan account that had become a Non-Performing Asset (NPA).

Edited By : Aniket Raj | Updated: May 19, 2024 10:45 IST
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Uttar Pradesh News
Uttar Pradesh News

A man in Bhadohi district, Uttar Pradesh, was astonished to find that he had an incredible Rs 9,900 crore in his bank account, all because of a software malfunction.

When Bhanu Prakash checked his bank account at Baroda UP Bank, he was shocked to find the balance showing Rs 99,99,94,95,999.99 (Rs 99.99 billion). He promptly informed the bank about the issue.

Upon investigation, the bank clarified that Bhanu Prakash’s account is a Kisan Credit Card (KCC) loan account that had unfortunately become a Non-Performing Asset (NPA). Recognizing the seriousness of the error, the bank took swift action.

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Rohit Gautam, the bank’s branch manager, explained that this status triggered a software glitch, causing an incorrect reflection of an enormous sum in the account.

He added that they informed Bhanu Prakash that the displayed amount was caused by a software bug related to the NPA status of the account. Immediate actions were taken to correct the error, and the account has been put on hold to prevent any potential misuse.

Gautam provided details on the bank’s procedure for handling such discrepancies.

He explained that for accounts classified as NPAs, specific limits are placed on linked savings accounts, which may lead to freezing the account to prevent additional problems. When Bhanu Prakash reviewed his account, it showed a negative balance due to these NPA restrictions. The bank worked to clarify the situation to him, and he was content with the actions taken to correct the issue.

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First published on: May 19, 2024 10:45 AM IST

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