Punjab National Bank (PNB) to close these bank accounts: Is your account affected? Check here to find out

economictimes.indiatimes.com:

Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts. The bank took this measure to avoid the security threat and to ensure that these accounts are not misused.

Which PNB accounts will be closed?

The following account holders are notified that, unless the account is activated by submitting the KYC documents in the relevant branch by May 31, 2024, at the latest, and who have not operated their account for more than three years as of April 30, 2024, and who have zero balance or no balance in their account, their accounts will be closed on or after June 1, 2024, without further notice, according to the Punjab National Bank.

Which PNB accounts are not impacted?

The following accounts cannot be closed under this process: Accounts linked to DEMAT accounts, lockers, active standing instructions, student accounts with customers under the age of 25, minor accounts, accounts opened for specific purposes like PMJJBY/PMSBY/SSY/APY, DBT, and accounts frozen by court orders, income tax department orders, or any other statutory authorities.

What can you do if your PNB account is closed?

If your PNB account is closed, you can submit the KYC documents to your nearest bank branch to activate the account. You need to submit the KYC documents by May 31, 2024. Here are the documents you need to submit: i) Identification Proof (PAN Card/Aadhar Card/ Passport/Driving License) ii) Address proof (Aadhar Card/Electricity