Punjab National Bank (PNB) has been urging its clients to update their know-your-customer (KYC) information before August 31, 2023, in accordance with RBI standards. Customers whose accounts have been due for KYC updates have received two notices at their registered addresses and SMS notifications on their registered mobile numbers from the bank, as per a PNB press release issued on August 2, 2023.
Additionally, the information was posted on the bank's social media pages and published in newspapers on July 28, 2023. The notification in the newspaper states that “As per RBI guidelines, KYC updation for all customers is mandatory.
If your account has become due for KYC updation as of 31.03.2023, you are requested to get your KYC updated through PNB ONE/IBS/registered e – mail/post or in person visit to any branch before 31.08.2023. Non updation may lead to restriction of operations in your account”.
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