Man who had just Rs 50 in his bank account, found it enriched with Rs 1.6 lakh because of a technical glitch he withdrew most of it
Man who had just Rs 50 in his bank account, found it enriched with Rs 1.6 lakh because of a technical glitch he withdrew most of it
With just Rs 50 in his savings bank account, AR Kumar was thrilled when he realised he could withdraw cash beyond his existing balance amount because of a technical glitch with an ATM machine. Kumar, a Karnataka State Cricket Association (KSCA) employee ended up withdrawing 1.6 lakh and an inquiry is on. 
Too late? The incident came to light three months later when the bank
staff found Kumar had made excessivewithdrawals after getting back
the data in place. Pic/Ramesh HS
This is a similar incident in the last five months. Another customer had cheated a bank in a similar fashion by withdrawing Rs 1.2 lakh in August last year.
Software upgrade
Madhyastha, AGM, State Bank of Mysore, MG Road branch, has filed a cheating complaint againstu00a0u00a0 Kumar.u00a0 Madhyastha said that the bank had issued a debit card to Kumar, who works for the KSCA. The bank had updated is database software from BASE 24 to OPUS last August.u00a0
Because of a technical glitch, customers could withdraw cash even when their account had insufficient balance. So, while the software was being upgraded, Kumar, who had only Rs 50 as balance in his account, withdrew Rs 1.68 lakh in six days, from September 15 to 21.
The incident came to light three months later when the bank staff found Kumar has made excessive withdrawals after getting back the data in place.
The bank contacted Kumar seeking return of the funds, but never got a reply. After waiting for more than a month, the bank decided to file a complaint. "Kumar should not have withdrawn the money which does not belonged to him. This clearly shows his intention, and amounts to misappropriation and wrongful gain," Madhyatha said. The Cubbon Park police have taken up a cheating case against Kumar and have summoned him for questioning.
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| Total recall |
| It may be recalled that the manager of State Bank of Mysore, Kormangala branch, Yogesh V Krishna has alleged that one of their customers Narasimha Murthy had withdrawn cash beyond his balance limit. Murthy had used his ATM card and withdrawn cash of Rs 1.20 lakh from Citi Bank ATM centre in Koramangala, Raheja Towers. He had a balance of just Rs 563. Muthy has been absconding since. |
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