Part of normal proceedings; SBI on crediting excess amount in the accounts
Kottakkal (Malappuram): The SBI officials has disclosed the truth behind crediting crores of rupees to certain account holders. The officials said that the action was taken as part of freezing accounts of those who have not yet completed the KYC proceedings.
Huge amount of money was minus credited and the accounts were frozen of few users. Account holders will be forced to contact bank and to complete the proceedings as part of this process, officials added.
Bank has come with the explanation after news broke out that large sum of money was added in many accounts.