‘No OTP, No Alerts’: How Rs 35 Crore Of Famers Vanished From PNB Accounts In Greater Noida

Nearly Rs 35 crore has allegedly gone missing from savings accounts and fixed deposits held by Punjab National Bank (PNB) customers in Greater Noida, with several account holders claiming that funds were transferred without their consent or transaction alerts.

According to ground reports, affected customers include farmers from Biraundi, Aichhar and Bironda villages. The alleged irregularities reportedly began in April 2025, leaving customers struggling to understand how their savings and land compensation funds disappeared from their accounts.

PNB has suspended several employees, including a branch manager, following the complaints. Police have registered a case and are investigating the allegations. Vijendra Singh, a farmer who said he had received compensation from the local authority, alleged that his account balance had fallen from around Rs 87-88 lakh to just Rs 1 lakh.

Another customer, Haneef Khan, said Rs 39 lakh previously held in his savings account at PNB's Pi-1 branch in Aichhar was no longer reflected in the account. “My savings account had Rs 39 lakh, but now nothing is showing in it.

I neither received any message nor signed any document authorising the transfer of funds,” he told PTI. Other customers have also reported substantial discrepancies, with individual complaints involving amounts ranging from lakhs to more than Rs 1 crore.

Santosh, a 60-year-old tea and samosa vendor from Bironda village, is among the affected customers. According to The Indian Express, her account had received Rs 1.29 crore in compensation for land acquired for the Jewar Airport project.

She later discovered that Rs 1.18 crore was allegedly missing. The discrepancy came to light when her son attempted to withdraw money from the account, the report said. For affected families, the compensation was intended to provide financial security after the acquisition of their land.

The reported losses have left them seeking answers about the transactions and the recovery of their money. Zakir, another account holder, alleged that Rs 9.5 lakh had disappeared from his account. He said he received no transaction alerts and discovered the discrepancy only after visiting the bank.

In another case highlighted by News18, a customer alleged that a fixed deposit worth Rs 10 lakh had been closed without his knowledge. He reportedly learnt of the closure when he visited the bank to withdraw money for his daughter's medical treatment.

Several customers have also alleged that SMS alerts were disabled before the disputed transactions, preventing them from receiving notifications. These claims have raised questions about the circumstances surrounding the transactions, although the route taken by the money has not yet been established.

Following the complaints, PNB management suspended several employees, including the branch manager. A case has been registered at the Beta-2 police station, which has jurisdiction over the branch. Nearly Rs 35 crore has allegedly gone missing from customer savings accounts and fixed deposits.

Funds were reportedly transferred without customer consent or transaction alerts. The affected customers are primarily farmers from Biraundi, Aichhar, and Bironda villages in Greater Noida. Their missing funds include personal savings and land compensation payments.

Punjab National Bank has suspended several employees, including a branch manager, following the complaints. Police have also registered a case and are investigating the allegations. Customers allege funds were transferred without consent and fixed deposits were closed without their knowledge.

Many also claim SMS alerts were disabled before the disputed transactions. Bharathi SP is a journalist and Associate Producer at ABP Live English, chasing breaking news and digging up untold stories, mostly from South India.

With over 7 years of experience in the news industry, she's worked across both print and digital platforms, wearing many hats: sub-editor, senior reporter, and, now, producer. An alumna of ACJ and IGNOU, Bharathi focuses on politics, inclusive development and stories that connect the states with the nation.

She has a soft spot for long-form narratives, sharp angles and all things political. For any tips and queries, you can reach out to her at bharathi@abpnetwork.com.