A Chennai taxi driver, Rajkumar, was left baffled when he received a notification informing him of a deposit of an astonishing Rs 9,000 crore in his bank account. At first, he thought it was a prank or scam, but soon realized it was an error made by the bank. Within minutes, he managed to transfer Rs 21,000 to a friend before the bank swiftly withdrew the colossal sum.
Rajkumar, who lived with fellow taxi driver friends in Kodambakkam, had rented a room in Chennai. On September 9, after a tiring day of work, he decided to take a nap. Around 3 p.m., he received a message notification from Tamilnad Mercantile Bank (TMB), indicating the unexpected deposit into his account. The amount was so huge that Rajkumar struggled to comprehend it, with numerous zeroes making it difficult to tally.
Initially considering the message as spam or a potential prank, Rajkumar verified that it was an authentic alert from TMB. Acting swiftly, he transferred Rs 21,000 to a friend. However, the bank quickly debited the balance amount. The next morning, officials from TMB contacted him and admitted to the colossal mistake, urging him not to withdraw any more funds.
Concerned about the possibility of a police complaint, Rajkumar visited the T Nagar branch of the bank accompanied by a legal advocate. Fortunately, they were able to reach a compromise. Rajkumar revealed, ‘The bank said that I need not return the amount I withdrew so far, and has offered me a car loan.’
This incident left Rajkumar bewildered but relieved. He could have become an overnight millionaire due to a bank blunder but instead received a car loan. It serves as a cautionary tale for banks and individuals alike, highlighting the need for stringent processes and checks to prevent such errors.