Bank Account Closed: Customers of this government bank must do this work before 15 February, otherwise the account will be closed

PNB Account Holders Alert: Punjab National Bank has informed its customers that some accounts are going to be closed permanently after February 16.

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 from February 16. If you want your bank account to remain active, then for this you have to get your KYC updated by February 15.

Such accounts will be closed

Punjab National Bank (PNB) wrote on the social media platform ‘X’, “It has come to our notice that some accounts have not had any customer induced transactions 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.”

These customers will have to do KYC

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 15 February

All these account holders are requested to get such accounts reactivated by submitting KYC documents in the respective branches on or before 15.02.2025, so that they can avail seamless banking services with the bank. If these accounts are not activated, they will be closed on or after 16.02.2025 without any prior notice.

How will KYC be updated

To get KYC updated, bank customers can get their KYC done in person by visiting the nearest branch. In such a case, they will need important documents giving information about identity proof, address proof, latest photo, PAN card, income source etc., take them along. Apart from this, if you want, you can also do this by sending PNB One, Internet Banking Services (IBS), registered email/post.

What are Dormant/Inoperative Accounts?

When no transaction is done from an account for 12 consecutive months, it is considered an inactive account. But when no transaction is done from the account for 24 consecutive months i.e. two years, it is put in the category of Dormant Account. You can neither withdraw money from a dormant account nor deposit it in it. To get it activated, you have to go to the bank.

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