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Bank staff's mistake makes poor woman richer by Rs 9,571,16,98,647

Kanpur: If you thought money brings happiness, think again. All that a woman in Kanpur whose account was out of the blue credited with an astronomical figure, making her the richest, is worried about is Rs 2,000.

One woman in Kanpur got immensely lucky as her bank account, opened through Jan Dhan Yojana, was credited with astronomical amount which the bank employees even struggled to pronounce. The difficulty to decipher as to why and how the whopping amount Rs 9,571,16,98,647 was credited to the account was next issue.

Urmila Yadav of Kanpur’s Vikas Nagar opened an account with SBI’s UPSIDC branch in Vikas Nagar in Kanpur as a part of the Central government’s Jan Dhan Yojana following which she received two text messages from the bank that shook her.

While the first one said her account had been credited with Rs 9,99,999, the other said that Rs 9.97 lakh had been deducted leaving a balance of Rs 2,000, the amount with which she had opened the account. However, this was only the first of the bigger shock that awaited her.

“I was constantly asking myself as to how this Rs 10 lakh came and went,” she said as she had never made any such ‘big’ transaction. Expectedly, she rushed to the bank with Lalta Prasad Tiwari, who had helped her open the bank account.

When her account was checked, there was a balance of Rs 9,571,16,98,647.14. For a while though she was richest person on earth. Even the bank officials, who could not even easily read or calculate the figure, were shocked to the core.

V.K. Srivastava, a senior clerk who also doubles up as the manager, said it might have happened because of a process undertaken to freeze a dormant account. Urmila’s account too was dormant for a while as she had not maintained the requisite balance.

Strange as it may sound, 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.

Financial experts, however, maintain that rules do not allow banks from crediting and debiting any sum without the consent of the account holder. Hence, an inquiry is a must, they say. Even as the bank and experts are breaking their head over the legality of the procedure, the only worry of the unique beneficiary, is her original Rs 2,000.
  • Published in National

Moodbidri: MCC bank meet commenced

Moodbidri: The mahasabha of MCC bank commenced at Kalpavruksha hall in Moodbidri. Ex MLA K. Amaranath Shetty presided over the meeting.

Later he spoke and said that the bank has gained 6.12 crore profit last year. Sine past 15 years share holders are given 25% dividend.

On behalf of  year centenary celebration, members were given 100 rupees 2 shares as bonus. The bank is working on ’ A’ grade for the past 13 years now. Member’s numbers have increased from 5826 to 7222.

The deposit is increased prom 62 crores to 178 crore rupees. 95% loans are recovered and there is no loan that has been not recovered. He said.

Members discussed about the matters like ATM, membership amount, staff recruitment etc.

Vice president George Monis, director Ganesh Nayak, Dr.M Panduranga Malya, Premanada Prabhu, Prema, S.Salian, CEO Chandrashekar and others were present.

  • Published in Moodabidri

New branch of Swarna Vividoddesha Bank inaugurated

Kinnigoli: Swarna Vividoddesha Bank opened its new branch in Moorukaveri near Kinnigoli.  Dharmadarshi Vivekananda of Mookambika temple Shantinagar inaugurated the bank and said that co operative banks in rural areas must respond to the problems of people in the area.

D.K.Zillah Panchayat member Eshawar Kateel, Taluk Panchayat member Baby S Kotian, priest of Kinnigoli church F. Ashok Ryan Crasta, Kinnigoli Jumma Masidi Khateeb Abdul Lateef, Monappa Shetty Ekkar, T.A.Haneef, Bhavani, Vinni D’Souza, Hemalatha and others were present.

  • Published in Surathkal

Auto drivers to follow Ahmadabad Model

Mangaluru: The Auto drivers of the city who struggle to get their bread and butter have decided to go for Ahmadabad Model. As the first stage of the process they have decided to open Kudla Sauharda Sahakari Bank with basic shares around 30 lack rupees.

A meeting was held at Bangera Sabhabhavan in police lane today afternoon by the Auto drivers association of south canara.

Social worker U Mohan Chandra addressed the gathering and said to tackle with the auto drivers’ problem for their survival GS auto model is developed by IIM student of Ahmadabad. Same model will be tried to implement in Mangaluru he said.

He then explained that through Kudla Sauharda Sahakari Bank, the members would get immediate financial assistance for everything they need. For extra revenue plans of broadcasting digital ads are in the manifesto.

With 11 members the bank has been started and money is raised. Around 15 lack rupees has been already raised and will rise up to 30 lacks in two months with 750 shareholders explained treasurer of the organization Prakash.

Alphonso D’souza presided over the program. Ashok Konchadi, Umashankar Porkodi Ranjit Shetty TATA AIG,  Subhash Kavoor and others were present.
  • Published in Mangaluru
Soubaghya Sanjeevini janti Bhadyata Gumpu inaugurated

Soubaghya Sanjeevini janti Bhadyata Gumpu inaugurated

Kundapur: The inauguration program of Soubaghya sanjeevini janti Bhadyata gumpu was organized at Shri Subrahmanya temple premise at Amasebailu here. The program was jointly organized by Udupi district plantation owners cooperative society limited(R) and NABARD.

The program was presided over by A. Ashok Kumar Kodgi, President of the association. The program was inaugurated by distributing the cheque books and loans given to the groups.

After distributing the cheques, Prasad Rao, MGM of NABARD Mangaluru division who was present as chief guest explained about the future commitments of the groups.

Satish Beedu, Manager of Canara Bank Neralakatte branch, Manager of Bank of Mysuru Siidhapur branch Lin Ramachandran, directors of the organization .Vittala Shetty, Shedikodlu, B.Ramakrishna Rao, N.Narayana Nayak Neralakatte, Shashidhhar Alse S were present.
  • Published in Udupi

Bank watchman dies after accidentally shooting himself

Mangaluru: A security guard died after accidentally shooting himself here on Thursday March 26. The incident happened in the Mangaluru branch of Kotak Mahindra bank.

The deceased has been identified as Tammayya (55). He slipped in the bathroom when he went to wash room at around 1pm. The trigger of the gun accidentally pulled and the elderly man died on the spot.

The people inside the bank went into tizzy for a while as the sound of a gunshot was heard. Poilice rushed to the spot and a case has been filed.
  • Published in Mangaluru

Desperate youth tries to loot bank with toy pistol

Kundapur: A youth tried to loot a bank by showing a toy pistol. The incident happened in Syndicate bank in Halladi here on Thursday March 12.

The accused has been identified as Ajith Shetty. A B.Com degree holder Ajith was working in a restaurant in Belagavi. On Monday afternoon Ajith entered the bank wearing a helmet. He waited for while sitting on the chair. Later he suddenly entered the manager room and by showing the toy gun in his hand demanded Rs. 50 lakh. The manager with his presence of mind managed to escape from his hand and got hold of the youth. The manager then informed the matter to the police and the youth was arrested.

When police questioned him he said that, my sister’s marriage has been fixed but there is no money to buy jewelry. I tried to loot the bank as desperate attempt to somehow get the needed amount.

A case has been filed in Kota police station.  

  • Published in Crime

ATM dispences currency that looked fake: in Mysuru

Mysuru: Tension prevailed for some time at the ICICI Bank ATM in Hanumathanagar here Thursday evening, as some customers who had been to the ATM to withdraw cash, reportedly got few currencies without the year printed on it and suspected the originality of the currencies dispensed by the ATM.

It is reported that one of the Rs. 500 currencies which a customer had withdrawn from the said ATM was old and the year of printing not printed on it besides the currency had a flower mark instead of a water mark of 500, sending doubts about the currency.

When the customer who got the said currency note went to a nearby shop and bought some items and gave the Rs. 500 currency to the shop keeper, but the shop keeper refused to take the currency saying that it was a fake one. As the ATM dispensed the same type of currencies to about five more customers, the public informed N.R. Police about the matter.

N.R. Police ASI Chandrashekar and staff who rushed to the ATM contacted the bank officials and informed them about the matter. The public was also irked as they did not find the security guard at the ATM.

BJP leader Dhanraj who arrived at the spot contacted the bank officials and after a delay of about two hours, ICICI Bank, Mandya Branch Manager Ravi Hulkoti arrived at the ATM, examined the currencies and informed the customers that they were original.

The public who had gathered at the ATM told Ravi that the currencies were not being accepted at shops also said that currencies without the year of printing being mentioned on currencies should not be circulated. He later took back such currencies from the customers, gave them new currency notes and said that he had to discuss with higher officials whether such currencies can be circulated or not. He later switched off the ATM machine.
  • Published in Karnataka
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