The alleged withdrawals from accounts linked to a PNB branch in the Aichhar area of Greater Noida have reportedly amounted to around Rs. 35 crore.
The customers said they discovered the loss while checking their account balances or attempting to access their money.
They claimed they had neither authorised the transactions nor received any messages notifying them of the withdrawals.
Farmer loses compensation money
Vijendra Singh, a farmer, reportedly lost most of the compensation money he had received for land acquired by the authorities, NDTV reported.
Singh discovered that his bank balance, which had stood at around Rs. 87-88 lakh, had dropped to just Rs. 1 lakh.
He is among 25 people who have reportedly come forward with complaints about the alleged disappearance of funds from their accounts.
Woman loses over Rs. 1 crore
Santosh, a 60-year-old tea and samosa seller in a Greater Noida village, reported a similar experience, The Indian Express reported.
She alleged that Rs. 1.18 crore had disappeared from the Rs. 1.29 crore she had deposited in her account after receiving compensation for land acquired for the Jewar Airport project.
Another customer, Zakir, reportedly lost Rs. 9.5 lakh without receiving any notification or message about the transactions.
Police case filed, bank employees suspended
Acting on the complaints, the police have registered a case to investigate the alleged financial irregularities.
Several PNB employees, including the branch manager, have reportedly been suspended in connection with the matter.
The investigation is expected to establish how the money was withdrawn or transferred and determine who was responsible for the alleged loss of customers' savings.