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Delhi-NCR Google News India Politics • Oct 29, 2026

Greater Noida PNB Customers Alleged Rs 35 Crore Fraud: Branch Manager Among Five Suspended Amid Missing Transaction Alerts

💡 Key Takeaways

•Punjab National Bank customers in Greater Noida alleged an estimated Rs 35 crore fraud involving missing funds from accounts and fixed deposits.
•Five bank employees, including the branch manager, have been suspended pending a detailed internal and police investigation.
•Victims reported receiving no transaction messages or signing any withdrawal documents, raising concerns over internal security lapses.

NEW DELHI [NCRBuzz Wire] — **Punjab National Bank customers in Greater Noida have reported a staggering financial fraud worth approximately Rs 35 crore, claiming their bank accounts and fixed deposits were emptied without receiving any message alerts or signing withdrawal documents.** Commuters, local villagers, and depositors gathered outside the branch following the shocking discovery, demanding immediate recovery of funds and strict penal action against the perpetrators. Affected residents noted that funds vanished mysteriously, prompting intense public scrutiny over banking security protocols and internal audit mechanisms.

### Investigation and Municipal Action

**Punjab National Bank management has suspended five employees, including the branch manager, following preliminary internal probes into the missing funds.** Local police authorities and municipal investigation teams have registered a formal First Information Report (FIR) to trace the siphoned money and determine how massive sums were transferred without triggering standard authentication gateways or SMS notifications for account holders. Regulators and administrative bodies are closely monitoring the case to prevent similar security lapses across regional branches.

### Impact on Commuters and Depositors

**Local depositors and small business owners are facing severe financial distress and anxiety regarding the safety of their lifetime savings held in the Greater Noida branch.** Transit and daily commuters using local banking services have expressed profound distrust, demanding compensation from the municipal authorities and stricter oversight by banking ombudsmen to safeguard citizen deposits from internal embezzlement.

### Frequently Asked Questions

**What happened at the Punjab National Bank branch in Greater Noida?** Customers discovered that approximately Rs 35 crore was siphoned off from their bank accounts and fixed deposits without their knowledge or consent.

**Why did customers claim they received no message?** Affected account holders stated they received no transaction alert messages or OTPs, and signed no documents authorizing any fund transfers, pointing toward internal bank collusion.

**What is next in the investigation?** Five employees, including the branch manager, have been suspended, and an official FIR has been lodged while forensic audit teams trace the misappropriated funds.

NCRBuzz Wire Desk ✓ Verified Wire

AI-synthesized and fact-audited across multiple independent news agencies.

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🏛️ Background Context

Financial frauds involving internal employee collusion at public sector banks have historically raised concerns over core banking system vulnerabilities and compliance with audit norms, prompting stringent regulatory oversight by financial authorities.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What happened to PNB customers in Greater Noida?

Customers discovered that approximately Rs 35 crore was missing from their bank accounts and fixed deposits without their consent.

Q2: Why did customers claim they received no message?

Affected account holders reported receiving zero transaction alert messages or OTPs, indicating potential internal tampering.

Q3: What action has been taken against the accused employees?

Five bank employees, including the branch manager, have been suspended and a formal police FIR has been lodged.

Verified Wires: Google News India Politics, NDTV, The Economic Times, Moneycontrol Original Wire Dispatch ↗

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