Costly Calculation: A 'Copy Paste' Error By One Bank Employee Led To ?1.5 Crore Fuss, Here's How
One copy-paste error by a SBI bank employee recently led to a ?1.5 crore fuss, as the clerical error lead to ?10 lakh accidently getting deposited into 15 salary accounts of Lotus Hospitals.
Mistakes can happen from any one of us. After all, we are humans, not machines.
As long as the mistakes prove to be harmless, it's all fine, right? But what if the mistake turns out too costly? That too, in crores!
Something similar happened with an SBI bank employee. A clerical error by a State Bank of India staffer reportedly led to the misuse of funds meant for a flagship programme of the Telangana government, the Dalit Bandhu scheme. The scheme is aimed to give one-time capital assistance of ?10 lakh per SC family as a 100% grant/subsidy to establish a suitable income generating source, as per a report in The Hindu.
?1.5 Crore Accidentally Transferred To 15 Employees
Police of Saifabad, which is one of the major suburbs in Hyderabad, registered a case against an ¡®accidental¡¯ beneficiary. It said that on April 24th 2022, an employee of the SBI Rangareddy District Collectorate branch accidentally transferred ?1.50 crore into the (salary) accounts of 15 employees of Lotus Hospitals, i.e. ?10 lakh in each account.
¡°Soon after realizing the mistake, the bank officials called the hospital's employees and asked them to transfer back the amount. While 14 (out of those 15) employees reverted the money, lab technician Mahesh failed to send back the money, as he was not available over phone,¡± a senior official said.
An officer added that ¡°a copy-paste error by the bank employee has led to such a big fuss."
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Assuming that the ?10 lakh deposit was done into his bank account by Prime Minister Narendra Modi under some scheme, Mahesh reportedly withdrew some amount to clear his debt.
¡°Despite repeated requests, he was not returning the money. As a result, on Wednesday, the bank official lodged a complaint, and a case under Section 403 of IPC was registered against Mahesh,¡± the officer said, as per The Hindu.
No Complaint Against Bank Employee
While the officials managed to recover ?6.70 lakh out of the ?10 lakh, Mahesh still has to pay the remaining ?3.30 lakh to the bank, the officer reportedly said.
Ironically, no case was yet registered against the bank employee for his mistake, according to The Hindu.
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