Greater Noida PNB Branch Under Scanner After Crores Vanish From Customers’ FDs, Five Employees Suspended
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
Several customers of Punjab National Bank (PNB) in Greater Noida have alleged that crores of rupees disappeared from their accounts after their fixed deposits (FDs) were prematurely closed and the money transferred elsewhere. The bank has suspended five employees, including the branch manager, while police investigate the complaints.
The alleged fraud came to light at PNB’s Sector Pi-1 branch, where customers reported substantial discrepancies in their account balances. According to complaints, money from fixed deposits was transferred to other accounts without the depositors’ knowledge.
Customer Finds ₹94 Lakh Reduced to ₹16,000
Gautam, a resident of Birondi village in Greater Noida, said his father’s account at the branch held around ₹94 lakh. When the family visited the bank to withdraw money for an urgent need, they were told the account did not have sufficient funds, as per Aaj Tak.
On checking the account, they allegedly discovered that only ₹16,000 remained. Gautam subsequently approached the police, while bank officials reportedly assured the family that the matter would be addressed.
Another customer alleged that around ₹1.29 crore had been deposited in his mother’s account as compensation for land acquired for the Jewar airport project. After the family withdrew approximately ₹10–12 lakh, the account should have retained around ₹1.18 crore. However, the customer claimed that no money remained in the account.
The family said it had been assured that the funds would be returned within 10–15 days. It was also preparing to lodge a police complaint.
Five Bank Employees Suspended
Following the complaints, senior PNB officials visited the branch and assured affected customers that the matter was being examined. The bank suspended five employees, including the branch manager, and deployed new staff at the branch.
The bank’s anti-corruption team is investigating the alleged irregularities alongside the police. Officials are examining how the funds were withdrawn or transferred and whether bank employees were involved.
Police Receive Complaints From 16 Customers
According to the Noida Police Commissionerate, 16 people had submitted complaints by October 28. The complaints are being investigated, and the ACP of Greater Noida has been directed to oversee the inquiry and necessary legal action.
The police said the investigation would establish how the money went missing and identify those responsible.
The total amount affected and the destinations of the allegedly transferred funds remain unclear. PNB has not yet publicly released a detailed account of the incident or the findings of its internal investigation.
