Rs 70 Lakh Depositors’ Money Disappears From Records Of Assam Gramin Vikash Bank

Wednesday, 13 November 2019

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Rs 70 Lakh Depositors’ Money Disappears From Records Of Assam Gramin Vikash Bank

G Plus News | October 16, 2019 10:20 hrs

GUWAHATI: After PMC bank, in yet another possible case of bank fraud now in Assam, hard earned deposits of more than Rs 70 lakh disappeared from the account books of regional rural Assam Gramin Vikash Bank (AGVN).

The matter came to light in one of the branches of the bank located at Manipur bagan in Hailakandi district in Southern Assam.

According to reports, when a depositor of the bank came to liquidate his fixed deposits the bank manager checked his records and  found out that in that no fixed deposits has been kept on the said name. 

As the word spread around the area, many depositors of the bank rushed to the bank and found out that the records of their fixed deposits were not available with the bank.

Situation reached such a stage, that police was called in to control the angry depositors who locked up the bank manager still police rescued him.

AGVN is a regional rural bank (RRB) came into existence in 2006 covering the areas of operation of the of the pre-amalgamated RRBs with its head Office located at Guwahati. The Bank covers 30 out of 33 districts of the state through its strong network of 414 branches, the bank website said. 
Bank officials were not available for comment.

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