This bank gave a shock to its crores of customers, deadline was set for March 26, otherwise the account will be closed
If you are a Punjab National Bank (PNB) customer, this update is crucial for you. The bank has recently issued a notification stating that KYC (Know Your Customer) updates are mandatory before March 26, 2025. Failure to complete this process could result in your bank account being deactivated. According to RBI (Reserve Bank of India) regulations, customers who haven’t updated their KYC by March 31, 2024, must complete the process as soon as possible.
How to Complete KYC: Online and Offline Methods
PNB customers can update their KYC using both offline and online methods:
- Offline Process: Visit the nearest PNB branch and submit essential documents such as Identity Proof, Address Proof, Recent Photograph, PAN (Permanent Account Number) or Form 60, Income Proof, and Mobile Number.
- Online Process: Customers can conveniently update their KYC through the PNB ONE App, Internet Banking, Registered Email, or via Post.
Consequences of Not Updating KYC
Failing to complete the KYC update within the deadline could result in your bank account becoming dormant. This means that transactions will be restricted until the KYC process is completed. PNB has emphasized that account operations will not be possible if KYC remains outdated. Customers seeking further assistance can contact their nearest PNB branch or visit the official PNB website.
Don’t Delay: Update Your KYC Before the Deadline
PNB customers now have limited time to complete their KYC updates. With the March 26, 2025 deadline approaching, it is essential to ensure that your savings account remains active. If your account becomes dormant, transactions will be halted until the KYC process is completed.
To avoid any inconvenience, update your KYC at the earliest and ensure uninterrupted banking services.
