Bihar: Muzaffarpur pensioner shocked after over Rs 700 crore mistakenly credited to bank account; probe underway
Muzaffarpur, July 14
An elderly pensioner in Bihar's Muzaffarpur district was left stunned after a banking anomaly resulted in more than Rs 700 crore being mistakenly reflected in his bank account, prompting authorities to initiate an investigation into the apparent technical glitch.
Kameshwar Mishra, who receives a monthly social security pension of Rs 1,100, discovered the unusually large balance when he visited the bank along with his son to withdraw his pension amount.
According to Mishra, the same amount was also reflected in his son's bank account, taking the combined balance to more than Rs 1,500 crore. However, the amount reportedly disappeared shortly afterwards, with the account balances returning to normal.
Relating the incident, Kameshwar Mishra told ANI, "I receive an old-age pension, a social security pension, of Rs 1,100 per month. I went with my son, who is deaf and mute, to withdraw this monthly amount. After withdrawing the money, I asked for my bank balance. The person checking the CBS system was stunned; they were astonished by the massive sum. For a moment, they were speechless and couldn't quite process it."
"The sum was Rs 7,59,69,51,951.16. The same amount was also reflected in my son's account too. I was naturally shocked by such a huge sum... the combined total was over Rs 15 billion rupees. I asked what had happened--how such a huge amount had arrived. When the screen was checked, it displayed that specific figure: Rs 7,59,69,51,951.16. That was just in one account; combined, the total exceeded Rs 15 billion. It caused me immense mental turmoil... I was left in a state of utter confusion," he added.
Following the incident, bank officials reportedly verified the account details, after which the anomalous balance disappeared from both accounts. The development triggered an internal inquiry to ascertain the cause of the erroneous credit display.
Officials have initiated a probe to determine the source of the technical error that led to the massive amount being reflected in the pensioner's account. Further details regarding the nature of the glitch and the banking system involved are awaited.
— ANI
Reader Comments
"What a bizarre incident! A pensioner getting Rs 1,100 per month suddenly seeing Rs 700 crore in his account must be the shock of his life. But honestly, why does this happen only in India? Our banking systems are always full of glitches. The poor man must have been terrified thinking his account was hacked or something. Hope the investigators find the root cause quickly. But I'm glad it was resolved before he could spend it... imagine if he had transferred it somewhere! 😅"
"A truly heartwarming story in a way - shows the dignity of a pensioner who didn't try to hide it and reported it. But also exposes the fragility of our banking infrastructure. A technical glitch showing such a massive amount? That's not just a 'mistake' - that's a systemic failure. Banks should be more careful with public money. Kameshwar ji is a hero for staying honest. Bhai, if it were someone else, they might have tried to withdraw it! 😊"
"This is peak Indian banking! 'Sir, aapke account mein 700 crore hai' followed by 'Sir, ab kuch nahi hai'. It shows how much our financial systems rely on luck rather than robust technology. The poor pensioner must have had a heart attack seeing that amount. But let's also appreciate the bank officials who acted quickly to fix it. Still, we need better oversight - this could have been exploited by someone with bad intentions. #BankingReformNow"
"Oh my god! Imagine the mental trauma this caused Kameshwar ji and his son. He's a pensioner who relies on Rs 1,100 per month, suddenly seeing crores... that must feel like a nightmare. I'm glad he didn't do something foolish like try to withdraw it all
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