Savings Account Close: Saving accounts of this bank will be closed after June 30, know the reason by StuffsEarth

Estimated read time 11 min read

Punjab National Bank Alert: This is an important news for crores of customers of Punjab National Bank (PNB). Do you also have a savings account with Punjab National Bank which has not been used for years? PNB had informed its customers a few days ago

Punjab National Bank Alert: Important news for crores of customers of Punjab National Bank (PNB). Do you also have a savings account of Punjab National Bank, which has not been used for years? PNB had informed its customers a few days ago that they should get KYC done for such accounts. However, the bank has extended the deadline till 30 June 2024. After that these accounts may be closed.

First check the status of PNB savings account

If you have a savings account in PNB Bank, then first check its status. PNB is going to close such accounts by this month. The bank has said in its notification that accounts in which there has been no transaction for the last 3 years. Also, those whose account balance has remained at zero rupees for the last three years. It is going to close it. Notice has been sent to such customers. Those accounts will be closed one month after sending the notice. If you want to keep those accounts active, then go to the bank branch and get KYC done immediately.

PNB decided to close savings account

Many scammers misuse such accounts which are not being used by the customers for a long time. The bank has taken this big step to deal with such cases. According to the notification issued by the bank, the calculation of the account will be done on the basis of 30 April 2024. PNB has said in its notification that all those accounts will be closed after 1 month, which are not active for the last 3 years. That is, they are not operating. Such accounts whose bank account is zero in the last three years and in which no activity i.e. transaction has been done. The bank had already sent notice to such customers.

Bank accounts can be reactivated by doing KYC

According to the notification issued by the bank, if the account becomes inactive and the customer wants to reactivate the account, then such customers will have to go to the branch and fill the KYC form. Along with the KYC form, the customer will also have to attach the necessary documents. After this their account will be activated. Customers can go to the bank for more information.

These accounts of PNB will not be closed

The bank will not close the Demat Accounts. That is, this rule will not apply to the Demat Account. In a post shared on social media, the bank said that PNB Bank will not close the accounts opened for schemes like Sukanya Samriddhi Yojana (SSY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY). Also, it will not close the Minor Savings Account.

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