Around 25 account holders allege nearly ₹1 crore was siphoned from their savings and Kisan Credit Card accounts at a UP Gramin Bank branch in Muzaffarnagar, prompting internal probes and suspensions of staff amid ongoing investigations.
Around 25 account holders have alleged that close to ₹1 crore was siphoned from savings and Kisan Credit Card accounts at the Budhana branch of UP Gramin Bank in Muzaffarnagar, triggering an internal probe and a recommendation to suspend the former branch manager and another employee, according to local reporting. The complaints surfaced after a new branch manager took charge and residents from several villages began reporting withdrawals they said they had not authorised.
Bank officials have said the figure being discussed is based on customer complaints, not yet on a final audit. A regional team led by a deputy regional manager has examined transactions, digital entries and banking records, while investigators also review login activity, computer systems and other electronic evidence to determine whether the alleged withdrawals followed a single pattern or multiple methods.
The bank has said responsibility has not yet been fixed and that any loss will be established only after a detailed examination of the affected accounts. Officials are also checking whether more customers were hit and whether the number of complaints will rise as the audit continues. The suspected irregularities come at a time when UP Gramin Bank has faced separate scrutiny in other districts this year, including bribery allegations involving branch staff in Basti and Chandausi, although no link has been established between those cases and the Budhana matter.
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