Indian teacher stunned by $10B bank balance | Inquirer News

Indian teacher stunned by $10B bank balance

/ 09:17 AM January 20, 2012

KOLKATA—An Indian high school teacher, with a monthly salary of around $700, was astounded when a routine online check of his bank account showed a balance of almost $10 billion.

Parijat Saha, from the town of Balurghat in West Bengal state, said he had checked his State Bank of India account online last Sunday to confirm reception of a 10,000 rupee ($200) interest payment.

“Instead I saw this astronomical amount,” he told AFP by telephone.

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The account showed a balance of 496 billion rupees.

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After recovering from the initial shock at becoming an overnight billionaire — at least on paper — Saha, 42, said he immediately called a friend he knew at the bank to point out what was obviously a major accounting error.

The State Bank of India said it was not immediately clear how the amount came to be registered in Saha’s account.

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“We are trying to ascertain what went wrong,” said local branch manager Subhashish Karmakar.

“We have informed our regional headquarters in Kolkata and national headquarters in Mumbai,” he said.

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TAGS: Banking, India, Offbeat

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