Introduction
Banks have numerous schemes that assist you in saving and growing your money. A recent incident has come to light where a 60-year-old bank passbook has turned a man into a millionaire. It’s a case of fortune changing overnight, which is exactly what this story reveals.
A 60-year-old Father’s Passbook Makes His Son a Millionaire
A 60-year-old father’s bank passbook has turned his son into a millionaire overnight. Let’s delve into the story to learn more about the case. It’s crucial to read up on and pay attention to the small details about banks. These things can prove to be very useful in life.
A son became wealthy when he discovered his father’s 60-year-old passbook. Let’s tell you what happened and how a father’s 60-year-old passbook turned his son into a millionaire in a matter of moments.
A Surprising Discovery After Father’s Death
Let’s tell you what happened that a 60-year-old father’s passbook turned his son into a millionaire overnight. This case is related to Axel Hinojosa, who lives in Chile, South America.
Hinojosa’s father had deposited 163 dollars, which was equivalent to 12,684 rupees in the 1960s and 70s. He had saved this money to buy his dream home. Hinojosa’s father had deposited the money in a Credit Union Bank, which has now closed down. During this time, Hinojosa’s father passed away. After his father’s death, Hinojosa kept the passbook in a box with his father’s belongings. This amount has grown to a whopping 9.33 crore rupees.
60-year-old Passbook, Son Becomes a Millionaire
After a long time, Hinojosa suddenly found the passbook while searching through his father’s box. He read a word on the bank deposit which is called a state guarantee. Then, considering the interest rates and inflation, he thought that the amount saved by his father would have reached 1.2 million dollars by now.
If you convert this amount into rupees, it becomes approximately 9.33 crore rupees. The court ruled in favor of Hinojosa. He claimed this amount from the government as a state guarantee. The case reached the Supreme Court. The Supreme Court ruled in favor of Hinojosa. The court said that Hinojosa’s father had worked hard to save the amount, which should be returned as it was a state guarantee. The future of the bank passbook is now in the hands of the Supreme Court. Hinojosa could receive nearly 10 crore rupees.
