New Delhi, Nov 29: State Bank of Patiala mistakenly credited a surprising amount into the Jan Dhan account of a taxi driver in Punjab.
Balwinder Singh’s Jan Dhan account was credited with a massive amount of Rs 9,806 crore on 4th November by State Bank of Patiala. However, next day, the amount was withdrawn.
Singh has told the media that when he visited the bank branch, the staff took his passbook and issued another one without entering the Rs 9,806 crore credit and subsequent debit.
“My balance usually is around Rs 3,000,” Singh said. The bank has not yet given a convincing explanation for the freak transaction.
Lead Bank Manager Sandeep Garg said that “the account holder happens to be a designated vendor for the bank. While passing a credit entry of Rs 200, an assistant manager (accounts) wrongly inserted the bank’s 11-digit internal Banking General Ledger account number in the amount column. The mistake was noticed the next day, following which the entry was reversed.”
It is to be noted that there is a suspicion that tax evaders are misusing the Jan Dhan accounts ever since the government announced the demonetization of Rs 500 and Rs 1,000 notes on 8 November.
According to the government, the total deposits in Jan Dhan accounts have increased to Rs 64,252.15 crore as of 16 November.
The sudden surge in deposits in these accounts is being scrutinised by the income tax officials. Prime minister Narendra Modi, in his Mann Ki Baat, had warned against misuse of these accounts for money laundering.