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UK visit visa refusal due to misunderstanding

Ref refusal letter and bank statement here

UK visa (visit) application was rejected due to a mistake. Officials read the bank statement wrong. There is 300,000+ INR in the account in form of RD, which is normally shown in the statement as MOD balance on the top left. Officials just checked the closing balance of 132 INR (at the bottom right) and rejected the application.

  1. Can I ask for an administrative review stating the error? If yes, how?
  2. Is there any process or method of appeal against this gross error?
  3. Does NRA mean I can't submit a new application for 28 days?
  4. Which is better and faster, a new application or an appeal (if any)?

Please help.

Vani
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