PNB Customer Alert: State-owned Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) details by March 19, 2024, so that they can operate their accounts smoothly. This is in line with the Reserve Bank of India (RBI) guidelines, where it had said that customers whose accounts were due for KYC update by December 31, 2023, should do it by March 19, 2024.
This information will have to be given
Customers need to provide their updated information like Aadhaar card, identity proof, address proof, recent photograph, PAN, income proof, mobile number (if not available) or any other KYC information to their Aadhaar branch. This can be done by visiting any branch in person, through PNB One/Internet Banking Services (IBS)/registered e-mail/post till 19.03.2024. If you fail to update KYC details within the stipulated time, your account may be affected.
The bank has sent SMS alerts to customers to remind them to update their details. The bank said that if customers fail to complete their KYC by March 19, they will not be able to use your bank account and it may also get frozen. Therefore, it is important to visit your bank branch and get your KYC done before the deadline.
Let us tell you that huge fines have also been imposed on many banks for not following KYC rules. By keeping KYC updated, the correct information about the customer remains with the banks. Apart from this, by keeping KYC updated, many types of financial crimes can be prevented.
