PNB Greater Noida fraud: Bank settles ₹43 lakh, probes FD and savings account irregularities
Synopsis
Customers at PNB's Greater Noida branch allege crores of rupees vanished from their accounts without authorisation — one claims a balance dropped from ₹88 lakh to ₹1,290. The state-run lender has settled just ₹43 lakh across three claims so far, replaced the entire branch staff, and says it is cooperating with authorities. Police complaints have been filed.
Key Takeaways
Punjab National Bank (PNB) confirmed it is probing alleged financial irregularities at its Sector PI-1 branch in Greater Noida .
The bank has settled three claims worth ₹43 lakh so far and assured customers all genuine claims will be honoured.
Customer Sonu alleges nearly ₹90 lakh is missing; Sonu Sagar claims his father's balance dropped from ₹88 lakh to ₹1,290 .
Customer Rahul alleges ₹51 lakh was withdrawn without authorisation from his mother's account, which had no mobile number linked for alerts.
PNB says it has zero tolerance for fraud and that stern action will be taken against those found responsible.
Affected customers have filed police complaints ; the bank says it is cooperating fully with authorities.
Punjab National Bank (PNB) on Friday, 30 October 2026 confirmed it has taken serious cognisance of complaints alleging financial irregularities at its Sector PI-1 branch in Greater Noida, involving fixed deposit (FD) and savings bank accounts, and said it has settled three claims worth ₹43 lakh so far. The state-run lender said it is extending full cooperation to the authorities and treating the matter as a priority.
What PNB Said
In a statement posted on social media platform X, PNB said it was taking necessary steps to verify the facts, assess the extent of reported discrepancies, and address the concerns of affected customers. "The bank is taking necessary steps to verify the facts, assess the extent of the reported discrepancies and address the concerns of affected customers," the statement read.
The bank reiterated its zero-tolerance policy towards fraud, financial irregularities, and misconduct, warning that stern action would be taken against those found responsible under applicable rules and procedures. It also assured customers that all genuine claims would be honoured.
What Customers Allege
Several customers at the Greater Noida branch have alleged that large sums were withdrawn from their accounts without authorisation, with amounts reportedly running into crores of rupees.
One account holder, identified as Sonu, alleged that nearly ₹90 lakh was missing from his account and claimed bank officials had provided an explanation and assured him the money would be restored. Another customer, Rahul, alleged that around ₹51 lakh had been unauthorisedly withdrawn from his mother's account — one not linked to a mobile number, meaning the family received no transaction alerts.
A third customer, Sonu Sagar, claimed his father's account balance had fallen from approximately ₹88 lakh to around ₹1,290, alleging the suspected embezzlement had been ongoing for several years.
Branch Disruptions and Police Complaints
Customers have also lodged police complaints over the alleged fraud. According to affected account holders, following their discovery of the discrepancies, the bank reportedly replaced the entire branch staff. One complainant alleged that when he first flagged the issue, he was asked to return after a day or two; upon revisiting, he claimed senior officials were unavailable and normal banking operations had been disrupted.
What Happens Next
PNB said it remains committed to safeguarding customer interests, maintaining operational integrity, and strengthening internal controls to prevent a recurrence. With police complaints filed and authorities cooperating with the bank, the scope of the alleged irregularities — and whether the suspected embezzlement, if verified, extended beyond the three settled cases — is expected to become clearer as the investigation progresses. The total quantum of funds allegedly missing, cited by customers as running into crores, remains under verification by the bank.
Frequently Asked Questions
What is the PNB Greater Noida fraud case?
It refers to alleged unauthorised withdrawals and financial irregularities in fixed deposit and savings accounts at Punjab National Bank's Sector PI-1 branch in Greater Noida. Multiple customers have alleged that large sums — reportedly running into crores — went missing from their accounts without their knowledge or consent.
How much has PNB settled so far?
PNB has settled three claims amounting to ₹43 lakh as of 30 October 2026. The bank has assured customers that all genuine claims will be honoured as the verification process continues.
What action has PNB taken?
PNB said it has taken the matter on priority, replaced the entire branch staff, and is cooperating fully with the authorities. The bank reiterated a zero-tolerance stance on fraud and said stern action will be taken against those found responsible.
Have police complaints been filed?
Yes, affected customers have lodged complaints with the police over the alleged fraud. One complainant alleged that when he initially flagged the issue, he was asked to return later and found senior officials unavailable on his next visit, with normal banking operations disrupted.
Why did customers not receive transaction alerts?
At least one affected account — belonging to customer Rahul's mother — was reportedly not linked to a mobile number, which meant the family received no SMS or app-based transaction alerts when withdrawals allegedly occurred. This has been cited as a factor that allowed the alleged irregularities to go unnoticed.
