The incident yesterday when the Axis Bank ATM delivered five times extra cash without deducting it from the bank accounts following which several people gathered there to withdraw money, the bank spokesperson said in a statement.
However, the ATM was closed after some time. The incident occurred on account of erroneous loading of currency notes by an agency to which the task was outsourced, the bank said.
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"Neither the bank nor its customers will be required to bear any loss as a result of this incident," the spokesperson said.
However, the bank did not divulged details about how much extra money was delivered by the ATM machine and how it would be recovered.