PNB account holders KYC update last date august 12, otherwise account will be inoperative

Following the RBI guidelines, all banks are getting their account holders to update their KYC. If you have an account in PNB, then complete this work by 12th August at any cost, otherwise you may face difficulty. Know the method of updating KYC.

If you have an account in Punjab National Bank, then this news is for you. Nearly 3.25 lakh account holders of the government bank Punjab National Bank have not yet updated their KYC. Such account holders have been given time till August 12 to update their KYC. If they do not complete this work by the last date, then the operation of their account can be stopped. Know here how to update KYC.

In fact, following the guidelines of RBI, all banks are getting their account holders to update their KYC. PNB has about 3.25 lakh account holders who did not update their accounts till 31st March. They have been given time by the bank to update their KYC till 12th August. If they do not do so by the stipulated date, then they may face difficulties.

In this case, Punjab National Bank has clarified that these guidelines are applicable only for those people who have not updated their KYC till 31st March. If they do so in time, their accounts will continue to function smoothly. Otherwise, their account will become inactive. In such a situation, they will not be able to withdraw their money from their account. They will not be able to take a loan from that account. However, they can deposit money in that account.

How will KYC be updated

To update KYC, bank customers can get their KYC done in person by visiting the nearest branch. In such a case, they will need necessary documents like identity proof, address proof, latest photo, PAN card, income source etc., carry them with you. Apart from this, if you want, you can also do this by sending an application through PNB One, Internet Banking Services (IBS), registered email/post.