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Thursday, September 8, 2022

SBI fined Rs 85,000 for misreading Kannada numeral on cheque

​​​​​Vadirajacharya Inamdar issued a SBI cheque for Rs 6,000 to Hubli Electricity Supply Company Limited (HESCOM) towards his electricity bill on September 3, 2020. The SBI branch wrongly identified the Kannada numeral nine as six and, therefore, dishonoured the cheque. The numeral nine indicated the month of September, but the bank read it as June.

from Banking/Finance-Industry-Economic Times https://ift.tt/zpGO0lA

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