If you have an account with Punjab National Bank (PNB), this news is important for you.
About 3.25 lakh account holders at PNB have not yet updated their KYC (Know Your Customer) details.
You have until August 12 to complete this update.
Failing to do so by the deadline may result in your account being deactivated.
Why KYC Update Is Required
The Reserve Bank of India (RBI) has mandated that all banks ensure their account holders update their KYC information.
PNB has around 3.25 lakh accounts that were not updated by March 31.
If these accounts are not updated by August 12, they may face restrictions.
PNB has clarified that these guidelines apply only to those who have not updated their KYC by March 31.
Accounts updated by the deadline will remain active. If not updated, the accounts will become inactive, and you won’t be able to withdraw money or take loans.
However, you will still be able to deposit money.
How to Update Your KYC
To update your KYC, visit your nearest PNB branch in person.
Bring necessary documents such as identity proof, address proof, a recent photograph, PAN card, and proof of income.
Alternatively, you can update your KYC by sending an application through PNB One, Internet Banking Services (IBS), or via registered email/post.
