Instead of the standard MVR 5,000, these recipients were credited with MVR 15,000 in their accounts today.
Bank of Maldives (BML) has begun reversing transactions for some pension recipients aged 65 and above who mistakenly received three times their usual pension payment this month.
Instead of the standard MVR 5,000, these recipients were credited with MVR 15,000 in their accounts today.
Pension Office stated that the correct amount was initially deducted from their account, and the excess deposits were due to an error by BML.
The Pension Fund deposits basic pension payments to 23,000 recipients each month.
Earlier last month, some employees at Lily Beach Resort received USD 77 million in their accounts. This mistake happened when their salaries were incorrectly deposited in dollars that matched their account numbers. However, the bank had identified and reversed the transactions.
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