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PNB Account Alert: These savings accounts have been closed from today, is your name also in the list?

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If you or any family member has a savings account in Punjab National Bank (PNB), then this news is for you. The country's second-largest government bank had given important information to all the customers in June.

The bank had said that it would close some special savings accounts from July 1. Today is July 1, that is, many PNB savings accounts have been closed today.

Which savings accounts will be closed?
The bank had told me that there had been no transactions in many savings accounts for a long time. In such a situation, the bank closed those accounts which have not been active for the last 3 years. This means that the bank has closed those bank accounts which either have zero balance or there has been no transaction for three years.

The bank had taken this decision to avoid security risks. Many times fraudsters use similar accounts for fraud. In such a situation, PNB has taken this step to reduce banking fraud.

These accounts will not be closed.
The bank has clarified that those savings accounts which are linked to any Demat Account, lockers will not be closed.
Apart from this, the accounts of students and minors will also not be closed.
The accounts that were opened for government schemes like PMJJBY, PMSBY, SSY, APY, or Direct Benefit Transfer Scheme will also remain active.
If a savings account has been frozen by the court, tax department, or any authority, then it will also not be closed.

What to do to activate the account
If your savings account is closed and you want to activate it again, then you will have to go to your bank branch as soon as possible. Here you will have to get the KYC of the bank account done and submit the documents related to KYC.
For KYC, the account holder will have to provide ID proof like a PAN card, Aadhar card, passport, or driving license. Apart from this, a copy of the address proof document will also have to be given.

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