Kanpur SBI Branch credits billions in housemaid’s a/c



A few days ago, she became one of the richest women to walk the earth when an amount of Rs 95,71,16,98,647 was credited to her State Bank of India (SBI) account, thanks to a strange procedure followed by the bank to get in touch with its customers.

Urmila, who works as a domestic help, had opened a savings account by depositing Rs 2000 with the SBI's UPSIDE branch in Vikas Nagar as a part of the central government's Jan Dhan Yojana. Two text messages from the bank made her sit up and gasp in disbelief.





While the first one said her account had been credited with Rs 9,99,999 the other showed that Rs 9.97 lakh had been deducted leaving a balance of Rs 2,000. She was obviously shocked as she had not made any such transaction.

"I was constantly asking myself as to how this Rs 10 lakh came and went," she said.

But a bigger shock was awaiting her when she rushed to the bank with Lalta Prasad Tiwari, an account holder who helped her open hers with the bank. When her account was checked, there was a balance of Rs 95,71,16,98,647.14. Even the bank officials, who could not easily read or calculate the figure immediately, were stunned.




"I was constantly asking myself as to how this Rs 10 lakh came and went," she said.

VK Srivastava, a senior clerk who also officiates as manager, said it happened apparently because of a process undertaken to freeze a dormant account. Urmila's account was dormant for some time as she had not maintained the adequate balance required to keep an it going.


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. As a part of the process, the bank credited a made up figure and then deducted it.

And Finally the  epic drama ended after bank deducted the full amount that are mistakenly deposited. The bottom line is poorest women becomes Richest women for only one day. 
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