Every month many financial rules change. This month also the rules of Punjab National Bank (PNB) have changed. If you also have an account in PNB then this news is important for you. Many bank accounts of PNB have been closed since the month of June. Actually in May, the bank had issued a circular and informed about this. Let us know in detail in this report.
The rules of private sector Punjab National Bank (PNB) have changed in June. The bank had issued a circular in May and informed that the accounts which are not active for three years will be closed from June 1.
Apart from this, the bank had also said that even if there is no balance in the account, the account will become inactive.
This means that if you have not done any transaction of any kind in PNB bank account for the last three years, then your account would have been closed from June 1, 2024. Apart from this, if there is no money in your account for a long time i.e. the account balance is zero, then also the account would have become inactive.
The accounts of these account holders will remain active
According to the notice of PNB, the bank has given concessions to some special account holders. If an account holder has a locker or a Demat Account in PNB, then his account will not be closed. That is, even if the account holder has not done any transaction for three years, his account will remain active.
At the same time, the accounts of those account holders who opened an account to take advantage of the government scheme will also not be inactive. Apart from this, the accounts of customers below 25 years of age will also remain active.
If the bank account of an account holder has been frozen on the orders of the court, Income Tax Department or any other legal institution, then the bank account will not be closed.
Why did the bank take this decision
According to the bank, many people used to misuse such inactive accounts. In such a situation, keeping in mind the security of the account, the bank has taken this decision.
The bank said that after this decision, inactive accounts cannot be used for illegal activities like fraud or money laundering.
How to activate an inactive account
If your PNB account becomes inactive, then to activate it again you will have to go to the nearest branch of the bank. Here you will have to submit the KYC documents required to activate the bank account.
