PNB Urges Customers to Update KYC by April 10 to Avoid Account Restrictions

Punjab National Bank (PNB) has asked customers to update their Know Your Customer (KYC) details by April 10, following the Reserve Bank of India’s (RBI) guidelines. The bank’s advisory applies to customers whose accounts are due for KYC updates by March 31.

Documents Required for KYC Update

To keep their accounts active, customers must provide the following:

• Identity proof (such as Aadhaar, Voter ID, or Passport) 
• Address proof 
• Recent passport-size photograph 
• PAN card or Form 60 
• Income proof (if applicable) 
• Registered mobile number (if not already linked) 

These details can be submitted at any PNB branch or through digital platforms like the PNB ONE app or Internet Banking Services (IBS). Customers can also send the updated documents via registered email or post to their home branch.

Consequences of Missing the Deadline

PNB has warned that failing to update KYC before the deadline may result in restrictions on account operations.

Beware of Fraudulent Links

The bank has advised customers to be cautious of scams. They should avoid clicking on unverified links or downloading files from unknown sources for KYC updates. Customers should always verify official communication to prevent fraud.

How to Update KYC via PNB One App

Customers can update their KYC digitally by following these steps:

1. Download the PNB One app from the Google Play Store or Apple App Store. 
2. Log in using your credentials. 
3. Go to the KYC update section. 
4. Check if your KYC update is pending. 
5. If pending, click on ‘Update KYC’. 
6. Authenticate your identity using OTP-based Aadhaar verification. 
7. Enter the OTP sent to your registered mobile number linked with Aadhaar. 

Note: Ensure your mobile number is linked with Aadhaar for successful OTP authentication.

About Punjab National Bank

Punjab National Bank, a government-owned bank in India, is headquartered in New Delhi. Established in May 1894, it is the country’s second-largest public sector bank by business volume. The bank serves over 180 million customers through its extensive network of 12,248 branches and more than 13,000 ATMs.

As of 1:52 PM IST on March 25, Punjab National Bank’s (PNB) share price was trading at ₹94.15, down 1.86% (-₹1.78) for the day. The stock opened at ₹96.50, reached a high of ₹96.60, and hit a low of ₹93.60. Over the past 52 weeks, the stock has ranged between a high of ₹142.90 and a low of ₹85.46.

Conclusion

Updating KYC on time ensures uninterrupted banking services. To stay safe, customers should follow official channels and avoid fraudulent links.

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