Savings Accounts Of This Bank To Be Closed After June 30: Here's Why
Attention Punjab National Bank ( PNB ) customers: If you have a savings account with PNB that has been inactive for several years, it’s crucial to take action. PNB has announced that customers must complete their KYC (Know Your Customer) process by June 30, 2024, to prevent their accounts from being closed.
Check the Status of Your PNB Savings Account
To avoid account closure, check the status of your PNB savings account. Accounts with no transactions in the last three years and a zero balance will be closed. Notices have been sent to affected customers, and account closure will occur one month after notice issuance. To keep your account active, visit a PNB branch and complete the KYC process immediately.
Reason for Account Closures
PNB is taking this step to prevent misuse of dormant accounts by scammers. According to the bank's notification, accounts inactive since April 30, 2024, will be targeted for closure. Customers with zero balance and no transaction activity over the past three years are particularly affected. The bank had previously notified these customers about the impending closure.
Check the Status of Your PNB Savings Account
To avoid account closure, check the status of your PNB savings account. Accounts with no transactions in the last three years and a zero balance will be closed. Notices have been sent to affected customers, and account closure will occur one month after notice issuance. To keep your account active, visit a PNB branch and complete the KYC process immediately.
Reason for Account Closures
PNB is taking this step to prevent misuse of dormant accounts by scammers. According to the bank's notification, accounts inactive since April 30, 2024, will be targeted for closure. Customers with zero balance and no transaction activity over the past three years are particularly affected. The bank had previously notified these customers about the impending closure.
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