PNB New Update: PNB has said that transactions have not been done from current and savings accounts for two years. They will be considered inactive. Such account holders will have to get KYC done again to activate the account.
A notification has been issued for customers by Punjab National Bank, one of the largest banks in the country. Under this, the bank has said that such savings accounts and current accounts in which no transaction has taken place during the last two years. It will be considered inactive. To reactivate an inactive account, one will have to visit the branch.
Punjab National Bank appealed on social media
Punjab National Bank, while appealing to the customers on its official Has not been done. So such accounts are deactivated by the bank. To restart your account, you will have to go to the branch and get KYC done. After this your account will be reactivated.
You will not be able to do transactions if your account is deactivated.
If your account has been deactivated then you will not be able to do any kind of transaction from your account. Interest on the deposited amount is credited regularly by the bank. SMS and debit charges will also continue to be deducted. Let us tell you, the interest paid and charges deducted by the bank are not considered as transactions.
What is RBI’s guideline for inoperative accounts?
All banks have to follow the guidelines of RBI. According to RBI, such accounts are those from which no transaction of any kind takes place in two years. They are considered inactive and to reopen such accounts, KYC has to be done again.
Banks give information when account is inactive
If no transaction is done from an account for more than a year, the bank informs the customer about it and appeals to him to do any debit or credit transaction from the account. At the same time, if the bank considers an account inactive due to transactions for two years, then it has to give this information to the customer three months in advance.