Allied Bank Aabpara Branch Incident: Customer Receives Rs12 Mn for Rs1.2 Mn Cheque

ISLAMABAD – In a shocking incident, the Allied Bank Aabpara Branch in Islamabad has given PKR 12 Million to a Customer instead of the PKR 1.2 Million written on his cheque.

According to sources, the error may have occurred due to computerized errors where the 1.2 million was turned to 12 million.

However, this small error may have cost a customer millions as the withdrawal amount was still handed to the customer without cross checking.

Usually in banking, transactions above PKR 10 million are verified repeatedly to ensure transparency and authenticity of the procedures alongside redwing any mistakes.

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Even though the computerized error turned it into PKR 12 million, the shocking incident is that the branch still paid out the amount to the customer.

As of the latest update, nothing has been disclosed by the investigation unit. However, the incident has raised numerous concerns over the bank’s procedures.

Allied Bank has already been bashed in the past for their poor customer services and now this new incident raised concerns over staff integrity and banking procedures.

Such transactions are to be thoroughly reviewed over and over. Alongside that, speculations have arised stating that this doesn’t look like a computerized error only raising further questions.

Fraudulent activities such as these have been very common among Pakistani banks despite SBP’s protocols and SOPs alongside heavy penalties for Banks.