Teacher Discovers $9.8 Billion Bank Error, Gives Money Back
Parijat Saha, a teacher in West Bengal, India got a very big surprise at a recent visit to the ATM. Saha, who earns a salary of 35,000 rupees or about $700 a month, had expected his account balance to be around $200. To his shock, it was suddenly 490 BILLION Rupees or about 9.8 billion U.S. dollars. What Saha did next was a surprise to me.
He contacted the State Bank of India and informed them of the error. According the BBC, the money was “uncleared”, meaning that Saha couldn’t have withdrawn it even if he had tried. “Even though I got my own money back, the account still holds the billions of dollars as an uncleared amount,” Saha said. “I don’t know how long I’ll have to keep that astronomical figure in my account.” Perhaps for his honesty, they should let him keep the interest earned on that amount for a day. He could buy himself something nice with that.