Parijat Saha, a teacher from India, received the shock of his life when he checked his bank account online and found 490 billion rupees ($ 9.8 billion).
Paridat Saha expected his balance to be $ 200 and he couldn’t believe his eyes – but an ATM check confirmed his status as a billionaire, at least on paper.
Honest Paridat Saha called the State Bank of India (SBI) to point out the mistake.
Red-faced bank officials would not comment, but sources said the funds were “uncleaned” and he would not have been able to withdraw the money if he had tried.
Paridat Saha’s monthly salary as a teacher in eastern West Bengal is 35,000 rupees ($ 700).
But its $ 9.8 billion account balance is closer to India’s $ 11.5 billion education budget.
“On Sunday night, when I was checking the balance of my savings account on the Internet, I was expecting a little more than 10,000 rupees ($ 200),” said Paridat Saha, who lives in the city of Balurgat in the South Dinaipur district.
The billions he found there shocked him.
“I called a friend at the bank and joked, maybe the money is flowing into your bank, that’s why your system has transferred so much money to my account,” Said Paridat Saha.
The government-run bank – the motto “Safe banking with SBI” – did not explain what happened.
Subhashish Karmakar, general manager of the bank’s branch in Balurgat, declined to talk about the source of the funds or how the money got into Paridat Saha’s account.
“I was explicitly asked not to comment on this issue,” he said.
The bank’s regional headquarters in Calcutta and the national headquarters in Mumbai have been alerted and officials are trying to figure out what went wrong, bank sources said.
Paridat Saha says he has managed to withdraw the $ 200 from his account.
“Even though I got my money back, the account still holds billions of dollars in uncleared money. I don’t know how long I will have to keep this astronomical figure in my account. “