Punjab National Bank to close inoperative accounts from June 1

Punjab National Bank to close inoperative accounts from June 1

Daily Current Affairs / Punjab National Bank to close inoperative accounts from June 1

Change Language English Hindi

Category : Business and economics Published on: May 13 2024

Share on facebook

Punjab National Bank (PNB) has announced that it will close dormant bank accounts of all its customers on 1 June 2024, with an aim to reduce expenses.
The last date to complete KYC (Know Your Customer) for inoperative bank accounts is 31st May 2024, so that customers can activate their account and prevent fraud.
Punjab National Bank (PNB) has announced that the accounts of those customers whose accounts have not had any transactions for the last three years and the account balance is zero.
The main objective of closing inoperative accounts by the bank is to reduce expenses and if customers do not complete their KYC by 31st May 2024, their account will be permanently closed on 1st June 2024.

Recent Post's

India bans 16 Pakistani YouTube channels with 63 million subscribers for spreading provocative content post-Pahalgam attack.
Read More....
Swiss President visits US to negotiate trade tariffs; foreign minister seeks stronger ties with China.
Read More....
Israel launches air strike on Hezbollah facility in Beirut despite ceasefire agreement.
Read More....
Japan and Vietnam strengthen trade and tech collaboration amid global tariff tensions.
Read More....
Putin praises North Korean troops fighting alongside Russia in Ukraine conflict.
Read More....
India loses 4-1 to Denmark in Sudirman Cup; only win comes in women's doubles.
Read More....
Tigst Assefa sets women-only world record in London Marathon; Alex Yee finishes 14th.
Read More....
Dubai unveils strategy to become global AI leader beyond oil-driven economy.
Read More....
Jamshedpur FC beats NorthEast United in penalties to reach Kalinga Super Cup 2025 semi-finals.
Read More....
India's industrial output grows 3% in March 2025, reflecting signs of recovery.
Read More....