There is important news for crores of customers of Punjab National Bank (PNB). If you have an account in PNB Bank and you have not been doing any transactions from your account for a long time, then now you should be careful. Actually, accounts in which there has been no transaction for the last 3 years will be closed after February 16. If you do not want your account to be closed, then for this you have to update KYC before February 15.
This step has been taken by the bank to keep the inactive accounts active. Therefore, if there is no activity in your account or you have not updated KYC, then complete it as soon as possible so that your account is not affected.
Such accounts will be closed -
Punjab National Bank (PNB account alert) shared this information on its official social media platform 'X' that there has been no customer-induced transaction in some accounts for the last three years and there is no balance in these accounts either. In this situation, the bank has decided to close these accounts to prevent misuse of these accounts and other risks. The bank also informed that if these accounts are to be saved from closure, then customers will have to update their KYC by February 15.
These customers will have to get KYC done -
Punjab National Bank (PNB bank update) has given information about such accounts in which there has been no customer-induced transaction for more than three years till 31 December 2024 and which have no balance, that is, they are zero balance. The bank has informed the account holders of these accounts to get their accounts activated by visiting the respective branches and submitting new KYC documents. If the customers do not do so, the bank will close those accounts after one month without any prior notice.
Do this work by 15 February -
Punjab National Bank (PNB) has requested the account holders to restart their accounts by submitting KYC documents by visiting their respective branches on or before 15 February 2025. After doing this, you will be able to avail all the services provided by the bank again. If the account holders do not do this, then such accounts will be closed after 16 February 2025 without any prior notice.
How will KYC be updated -
Absolutely, Punjab National Bank (PNB bank account deactivate) customers can complete this process in person by visiting the nearest branch to update their KYC. For this, customers have to carry necessary documents like identity proof, address proof, latest photo, PAN card, and income source. Apart from this, customers can also update their KYC through PNB One App, Internet Banking Services (IBS), or registered email/post.
What are Dormant/Inoperative Accounts?
When there is no transaction in an account for 12 consecutive months, it is considered an inactive account. If no transaction is done for 24 months, then that account turns into a dormant account. Money can neither be withdrawn nor deposited in a dormant account. To activate it again, the account holder has to go to the concerned bank branch and submit his identity proof and other necessary documents.
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