Bank Gaffe Made ‘Slum Dog’ Billionaire


Lucknow: A woman from Kanpur opened a savings account by depositing Rs 2,000 with the State Bank of India. Upon checking her balance she was shocked to find out that the balance was Rs 95,71,16,98,647. Suddenly she was one of the richest women but it lasted only for a day.

According to reports, Urmila Yadav had deposited Rs 2,000 in her SBI account as a part of the government’s Jan Dhan Yojana scheme.

Soon she received two text messages from the bank. The first SMS said that her account has been credited with Rs 9,99,999. The second SMS showed that Rs 9.97 lakh had been deducted leaving a balance of Rs 2,000.

Confused Urmila went to the bank to check her balance upon which she found out that her balance was Rs 95,71,16,98,647.14.

Later it turned out that this was all due to bank’s goof up. In a process undertaken to freeze her dormant account by the bank itself, as she had not maintained the adequate balance required to keep it going, the bank credited a made up figure and then deducted it. It was, according to the bank employees, a way to communicate to the account holder that he or she could no longer use the account, reports said.