Punjab National Bank Update: If you have an account with Punjab National Bank (PNB), then be alert. KYC of about 3.5 lakh customers has not been updated. These customers may be in trouble.
These people have time till 12th August. If you do not get your KYC done by this date, then your account may be closed. Yes, you read it right! Your money may get stuck. But there is no need to panic, we will tell you how to get KYC done.
Why is all this happening
Actually, due to the strict rules of the Reserve Bank of India (RBI), all banks must keep their customers’ KYC updated.
This is a kind of identification process through which the bank ensures who owns the account and what is his address. If your KYC is not updated, then the bank can close your account.
How long is the time
Punjab National Bank has given its customers the date to update KYC by August 12, 2024. If you do not do this work on time, then your account may be closed. Keep in mind, that this notice is only for those customers whose KYC was not updated till March 31, 2024.
KYC Document Required
- Aadhar Card
- Pan Card
- EKYC Form
- Bank Passbook
- Passport Size Photo
What will happen if KYC is not done
If you do not get KYC done by August 12, then your bank account will be closed. This means that you will not be able to withdraw your money. Yes, you can deposit money in your account but will not be able to take loans, etc.
How to get KYC done
To get KYC done, you have to go to your nearest PNB branch and take the necessary documents like your identity, address, photo, PAN card, and income proof.
The branch manager will complete the KYC by verifying your information. Apart from this, you can also get KYC done through the PNB One app, internet banking, or by post. Remember, you have time till August 12 only.