Note: this post has been updated in the headline and body where it wrongly stated Rupees 9.99 crores as $100M while it equates to more than $1.3 million.
A 16-years-old girl from the Indian state of Uttar Pradesh was shell-shocked after she came to know rupees 10 crores, which is more than 1.3 million US dollars was credited to her bank account.
The girl who is illiterate went to her local branch of Allahabad Bank where the officials informed her about the jaw-dropping rupees 9.99 crores credited to her.
The girl reportedly rushed to the police station to lodge a complaint with the local police.
As per the case filed by the girl from UP’s Ballia district, a person named Neelesh Kumar from Kanpur Dehat district called her up in 2018 and took her personal credentials such as the govt. issued identity, photograph to make sure she gets the funds from a government-mandated program called Pradhan Mantri Awas Yojana, PTI news agency reported.
Recently, when she went to the Allahabad Bank’s branch in Bansdih, she was made aware of the mammoth sum of money in her account.
The teenage girl told she had no idea from where the money landed in her account, and Neelesh who helped her set up the account was no longer reachable via phone, Times Now reported.
An investigation is reportedly under the way, and police will look out for the accused and take necessary actions.
However, a ‘fact-check’ report from news website DNA said the girl had only rupees 5000 ($68.04) in her bank account and that no transaction of 10 crore rupees was ever made from her account.
As per the report, the maximum transaction made from the illiterate girl’s account was rupees 17 lakhs, or $23,132.89, the bank branch told.
DNA says, perhaps the bank told the girl about the rupees 17 lakh transaction which she might have misunderstood/ misheard, hence the confusion.
Impossible to withdraw
Huge sums of money mysteriously landing in random bank accounts is not new, and there are countless such incidents from around the world.
In 2012, an Indian school teacher from the Indian state of West Bengal got the shock of his life after he found his bank reflected an amount that was nearly close to the whole nation’s education budget from that year!
A staggering 490bn rupees ($9.8bn) was reflecting in Parijat Saha’s account, the BBC reported, although the sum was uncleared. India’s education budget at that time was approximately $11.5 billion.
His salary as a government-aided school teacher was rupees 35,000 or $476.XX as per the current valuation. Mr. Saha reportedly notified the bank at once following the monetary ordeal.
As sinister it might sound like to get away with even a fraction of such astronomical amounts of money, it is impossible.
Sooner or later the uninitiated recipient of the money will be figured out by the bank, and at most will create a trivial situation, Odysseas Papadimitriou, CEO of credit card comparison site CardHub.com told Business Insider in a report.
“If you see money in your bank account that does not belong to you, you should immediately notify your bank,” he said.