If you’re a customer of Punjab National Bank (PNB), here’s an important update.
The bank has announced that all customers must update their Know Your Customer (KYC) details by April 10, 2025.
This is a mandatory process under the guidelines of the Reserve Bank of India (RBI) for customers whose KYC hasn’t been updated by March 31, 2025.
How to Update Your KYC?
If your KYC needs updating, you can do so using the following methods:
Visit the Bank Branch: Go to your nearest PNB branch with the following documents:
Identity proof
Address proof
Recent photograph
PAN card/Form 60
Income proof (if required)
Mobile number (if not provided earlier)
Using the PNB ONE App: You can update your KYC online from the comfort of your home via the PNB ONE app.
Through Internet Banking (IBS): Log in to PNB Online Banking and select the “KYC Update” option.
Send KYC Documents to Your Branch: You can also email or post your KYC documents to your home branch.
Consequences of Not Updating KYC
If you don’t update your KYC by April 10, 2025, your PNB account will be temporarily frozen. This means you will not be able to:
Deposit money
Withdraw money
Conduct any other transactions
How to Check Your KYC Status?
To check if your KYC is updated:
Login to PNB Online Banking and go to Personal Settings.
The KYC status will be displayed. If an update is required, a message will appear on your screen.
Alternatively, you can check your KYC status through the PNB ONE app:
Login to the app and check if an update is necessary.
Follow the instructions to update your KYC if required.
What is KYC and Why is it Important?
KYC (Know Your Customer) is a process where banks verify the identity of their customers. This is crucial to:
Prevent fraud
Avoid money laundering
Combat financial crimes
PNB has also warned customers not to click on suspicious links or download files from unknown sources to update their KYC.
For any doubts, visit your nearest PNB branch or refer to the official PNB website for accurate information.
Make sure to complete your KYC by the deadline to keep your account active and avoid disruptions.
