PNB NEW UPDATE: Important news for Punjab National Bank (PNB) customers. If any of your savings accounts has been lying dormant for a long time, the last chance to keep it active is June 30.
If you do not complete the necessary work by this date, your account will be closed from July 1. Let us know in detail about this initiative of PNB and how you can keep your account active.
Which Accounts Will Be Affected
PNB is taking action to close those accounts in which there has been no transaction for the last 3 years and there is zero balance. If your account is also in the same condition, then it is necessary to get KYC done by June 30 to keep it active.
Process of getting KYC done
Getting KYC done is an easy process. You can go to your nearest PNB branch and contact the bank employee present there. They will give you information about the documents required for KYC.
Usually for KYC, you have to submit documents like an Aadhar card, PAN card, and address proof (electricity bill, etc.). After submitting the documents, the bank officials will verify your information and your KYC will be completed.
What to do after the account is closed
If your account remains inactive till June 30 and KYC is not done, then it will be closed from July 1. But there is no need to panic! If you want, you can get the closed account reopened.
For this, you have to go to your nearest PNB branch and fill out the form for reopening the account along with getting KYC done. After this, the bank will consider your application and start the process of opening the account.
Important Advice
If you are not using your savings account for a long time and do not want to close it, then contact your nearest PNB branch as soon as possible and get your KYC completed.
This will keep your account active and you will be able to use it in the future as well. Also, you should keep in mind that you should not ignore the important information issued by the bank from time to time. This can help you avoid problems.
