PNB Account Holders Alert: PNB has requested all its account holders to reactivate their inactive accounts by submitting KYC documents in their bank accounts on or before 26.03.2025.
PNB Account Holders Alert: If you also have an account in the country’s largest government bank Punjab National Bank (PNB), then there is an important news for you. The bank said that there are many such accounts in which there has been no transaction for the last 3 years. All such accounts will be closed by the bank after March 26. If you want your bank account to remain active, then for this you have to update your KYC by March 26, 2025.
Such accounts will be closed
Punjab National Bank (PNB) said in a release that there are many such accounts in the bank, in which there has been no customer transaction for the last 3 years and there is no balance in these accounts. To prevent misuse of these accounts and other inherent risks, the bank has decided to close such accounts.
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These customers will have to get KYC done
Therefore, notice is given to the account holders of such accounts, in which there has been no customer induced transaction for more than 3 years till 31.12.2024 and in which there is no balance or zero balance, to get their accounts activated by submitting new KYC documents in the respective branches. If this is not done, such accounts will be closed after one month without any prior notice.
Do this work by March 26
PNB has requested all its account holders to reactivate such accounts by submitting KYC documents in their bank account on or before 26.03.2025, so that they can avail uninterrupted banking services with the bank. If these accounts are not activated, they can be closed after 26.03.2025 without any prior notice.
How will KYC be updated
To get KYC updated, bank customers can get their KYC done personally by visiting the nearest branch. In such a situation, they will need necessary documents giving information about identity proof, address proof, latest photo, PAN card, income source etc., take them with you. Apart from this, if you want, you can also do this by sending PNB One, Internet Banking Services (IBS), registered email / post.
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What are Dormant/Inoperative Accounts?
When no transaction is done from an account for 12 consecutive months, it is considered a dormant account. But when no transaction is done from the account for 24 consecutive months i.e. for two years, it is put in the category of Dormant Account. You can neither withdraw nor deposit money from a dormant account. To get it activated, you have to go to the bank.
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