If you hold an account with the Punjab National Bank (PNB), this information is crucial for you. The bank has issued a directive to all its customers and made this announcement through social media channels. During this time, customers should remain vigilant and proceed with the necessary updates.
Specifically, the bank’s official handle has clarified that both savings and current accounts that have seen no transactions for the past two years will be considered inactive. If you haven’t engaged in any activity with your account for this duration, your account will be marked as dormant.
If your account does get deactivated, there are certain steps and considerations you need to be aware of. To reactivate the account, you would need to visit the bank personally. At the branch, completing the Know Your Customer (KYC) procedure will be necessary.
Once this is done, your account will be reactivated. Furthermore, as per banking regulations, before the deactivation of any account, the bank is obligated to notify the customer.
It’s always advisable to stay updated with your bank’s communications to avoid any disruptions in banking services.