- By Aditya Pratap Singh
- Wed, 08 May 2024 01:30 PM (IST)
- Source:JND
Punjab National Bank (PNB), a public sector lender, has given a warning to those account holders who have not used their PNB account for the last three years. The bank said that such an account would be closed within a month. If you have an account in PNB, you have not done any transaction with your account or if your PNB account has zero balance for three years, you should take steps immediately.
Leading public sector banks have taken this step to stop the misuse of such inactive accounts. By issuing a notification, PNB has said that the accounts will be closed on 30th April 2024.
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Exempted accounts
Punjab National Bank has clearly stated in its notification that such accounts will be closed without any prior notice after one month. However, accounts linked with Demat Accounts will not be closed. At the same time, student accounts with customers under 25 years of age, accounts of minors, accounts opened for schemes such as SSY/PMJJBY/PMSBY/APY will also not be suspended.
Need to complete KYC
While sharing the information, the bank has told its customers that if they have any information related to their account, or they want any assistance, they can directly contact their bank branch. According to PNB, such accounts cannot be reactivated until the account holder submits all the necessary documents related to his account's KYC in the concerned branch.
PNB stock today
The shares of Punjab National Bank were trading at Rs 125.80, up by 2.86 percent at around 1:25 PM. In the last 12 months, the stock surged over 140 percent, and in the last 30 days, the stock went down by over 7 percent. Meanwhile, its 52-week high remains at 142.90, and its 52-week low value has been at 47.90.