THIRUVANANTHAPURAM: Due to a defect in the treasury software, a person who deposited Rs 5 lakh received Rs 1.47 lakh in interest within two days! The depositor who is a former assistant director of treasury informed the treasury authorities about this. The problem was found in the Kadakkavoor treasury in Thiruvananthapuram.

Last year, an employee of the Vanchiyoor treasury swindled around Rs 2 crore by exploiting a flaw in the software. The new complaint proves that the authorities' claim that the software problem was fixed is hollow.

On January 30, the person deposited Rs 5 lakh in the Kadakkavur treasury. The minimum interest rate came into effect on February 1. The fixed deposit earns an annual interest rate of 8.5%. Accordingly, the interest on the 30th and 31st was supposed to be Rs 240. The interest on the fixed deposit will be transferred to the savings account which can be checked online. She informed the authorities when she came to know that Rs 1,47,000 had been deposited in her account and Rs 12,500 had been deducted from her TDS.

The authorities are trivializing this as a clerical error. The investment is for 366 days. The authorities say the problem was that instead of marking 366 against the column of the day, it was marked towards the column of the week. Even then, the authorities have no answer if they are told that these interest rates are not correct.