Punjab National Bank (PNB), a leading public sector bank, has issued an important update for its customers. If you are a PNB account holder, it is crucial to take note of this.
The bank has announced that customers must complete their Know Your Customer (KYC) process by January 23, 2025, to avoid account closure.
Why is KYC Mandatory?
Under the guidelines issued by the Reserve Bank of India (RBI), it is compulsory for all bank customers to update their KYC details.
PNB stated that customers who were due to update their KYC by September 30, 2024, now have until January 23, 2025, to complete the process.
Ensuring KYC compliance is necessary for the smooth functioning of your bank account.
Documents Required for KYC Update
PNB has outlined the documents needed for updating KYC. These include:
Identity Proof
Address Proof
Recent Passport Size Photo
PAN Card or Form 60
Income Proof
Mobile Number (if not already provided)
Customers can submit these documents at their nearest PNB branch.
Alternatively, they can use the PNB One mobile app, Internet Banking Services (IBS), or send the documents via their registered email or post to their home branch.
Consequences of Missing the Deadline
PNB has warned that if KYC is not updated by the given deadline, customers may face restrictions on their account operations.
To avoid such inconveniences, all account holders are urged to complete their KYC updates within the specified time frame.
Why is KYC Important?
The KYC process verifies the identity and authenticity of customers, ensuring the security of the banking system
and helping to prevent fraud. According to RBI regulations, it is a mandatory step for every customer.
How to Update Your KYC
Visit the Nearest PNB Branch: Submit your KYC documents in person.
Use the PNB One App or Internet Banking: Upload your documents digitally.
Send Documents to Your Home Branch: Use your registered email or post to complete the process.
Need Assistance?
For any help regarding KYC updates, customers can visit the nearest PNB branch or access support via the bank’s official website: www.pnbindia.in.
Make sure to update your KYC on time to ensure uninterrupted banking services!
