Termites Eat Up Millions of Indian Rupees in State Bank of India

By on Apr 23, 2011 in Asia, Banking, Business, Weird, World Comments

Termites eat up currency notes worth approximately 10 million rupees in a steel bank chest in India, several international news sites reported on Friday.

Indian Rupees
Indian Rupees
Credit: Topnews.com.sg

According to reports, staff at the State Bank of India in Arthur, near the nothern Indian city of Lucknow, were horrified when they discovered the damage after opening the steel vault.

Acting Bank Manager, J.P. Dived reportedly blamed the incident on the age of the building which houses the strong room, saying it was infested with termites.

“We have been trying our best to keep currency notes safe but the termite problem here is so enormous that it would be better to move the branch elsewhere,” Dived was quoted saying.

“It’s a matter of investigation how termites attacked bundles of currency notes stacked in a steel chest,” police officer Navneet Rana reportedly said.

According to Rana, police have registered a case of negligence by bank officials in Barabanki, a town 30 km southwest of Lucknow.

“The exact amount of damaged currency is still to be calculated, but it is estimated to be around [10 million rupees],” Rana said.

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