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2,500 Jan Dhan accounts credited with Rs 10,000 in UP

A massive rush of Jan Dhan account holders at the bank to withdraw money made officers suspicious and the bank quickly blocked transactions of these accounts.

india Updated: Mar 30, 2019 23:58 IST
Rajat Rai
Rajat Rai
Hindustan Times, Bareilly
Bank of Baroda,Moradabad,Suspicious transactions
Officers at the Bank of Baroda branch in Moradabad got suspicious when a huge number of Jan Dhan account holders turned up to withdraw money Friday afternoon.(Mint File Photo)

About 2,500 Jan Dhan accounts in a Bank of Baroda branch in Moradabad were credited with ₹10,700 each, leading to a flutter of excitement in the industrial town in Uttar Pradesh on Saturday.

Senior district officials later claimed that the money that had been deposited in the accounts, opened as part of the central government’s financial inclusion drive, were towards routine scholarship payments by the Union minority affairs ministry. As hundreds of people tried to quickly withdraw the money, the branch in the Bhojupur neighbourhood of Moradabad stopped transactions and an enquiry was ordered.

Moradabad district magistrate Rakesh Singh said that he ordered a detailed enquiry, sent the election commission’s flying squad to the branch and also alerted the minority department officials of the district.

“As per available reports, it’s a case of transfer of scholarship amounts to beneficiaries by the Union minority affairs ministry. The money was sent through the direct benefit transfer (DBT) mode, so it reached the bank accounts directly,” Singh told HT. “But since it’s election time, there was some confusion,” he said, adding reports that non-Muslim account holders had also received money were baseless.

Officials also suspect foul play by a local business correspondent, a retail agent engaged by banks for providing banking services.The business correspondent may have created some fake jan dhan accounts, officials said.

Singh said a probe is on against the Banking Correspondent.

“We are in touch with officials of minorities affairs department to find out under which head the transactions have been made. The accounts have been blocked until the matter is resolved,” Hema Adhikari, the branch manager of Bank of Baroda, said.

First Published: Mar 30, 2019 17:42 IST