Very important information for PNB customers, ignoring it can be costly Newspoint  |  18/01/2025 05:39:11

If you are a PNB customer and you did not update the KYC of your bank account till November 30, 2024, then you need to update KYC this time. If you do not update KYC before January 23, then many types of restrictions may be imposed on your bank account, due to which you will not be able to do any important and important work.

PNB: Punjab National Bank is the third largest government bank in the country in terms of market cap. If you are a customer of Punjab National Bank i.e. if you have a bank account in PNB, then this news is very important for you. Yes, in this matter, PNB has issued a notice for its customers. If you are a PNB customer and you ignore this notice, then you can create problems for yourself. PNB has asked its customers to update KYC details before January 23, 2025.

What is the periodic update policy of PNB KYC?

PNB has said that it is very important to update KYC before January 23 to use all banking services without any interruption. According to the periodic update policy of PNB KYC, "The bank adopts a risk-based approach for periodic update of KYC. Periodic update will be done at least once every two years for high-risk customers, once every 8 years for moderate-risk customers and once every 10 years for low-risk customers from the date of account opening/last KYC update."

For which customers is it necessary to update KYC

Punjab National Bank has said that this KYC update is applicable for those customers whose accounts had to be updated by November 30, 2024 but they had not updated. The bank has said that if a customer does not update KYC details before January 23, then the activities of their bank account may be restricted. This simply means that if the activities of a customer's account are restricted, then many important tasks related to his bank may get stuck.

If restrictions are imposed, important work may get stuck

If you are a PNB customer and you had not updated the KYC of your bank account till November 30, 2024, then it is very important for you to update KYC this time. If you do not update KYC before January 23, then many types of restrictions may be imposed on your bank account, due to which you will not be able to do any important and important work.

Disclaimer: This content has been sourced and edited from indiatv.in. While we have made modifications for clarity and presentation.

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