The bank has asked its customers whose KYC was required to be updated by 30 June 2025 to update their KYC information.

The bank has clearly stated that if KYC is not updated by the stipulated time, the account can be frozen. For KYC update, customers will have to submit information like identity card, address proof, recent photo, PAN or Form 60, income proof and mobile number to the bank. You can complete this process through PNB One app, internet banking or registered email, post or nearest branch. Get the update done on time so that your account continues to function.

How to update KYC?

If you need to update your KYC, you can use the methods mentioned below

Visiting the bank branch – Visit your nearest PNB branch with your identity proof, address proof, recent photograph, PAN card/Form 60, income proof and mobile number (if not provided earlier) and get your KYC updated.

Through PNB ONE app – you can update KYC online from home.

Through Internet Banking (IBS) – Login to PNB Online Banking and select KYC Update option.

You can send KYC documents to your home branch – through registered email or by post .

What will happen if KYC is not updated?

If the customer does not get KYC updated by 8 August 2025, then he will not be able to do any transaction from his account. A temporary ban will be imposed on the bank account, due to which you will neither be able to deposit nor withdraw money.

How to check KYC status?

If you want to know whether your KYC is updated or not, then follow these steps-

• Login to PNB Online Banking.
• Check KYC status by going to personal settings.
• If an update is required, a message will appear on the screen.

How to do eKYC through PNB ONE app?

• Login to PNB ONE app.
• Check KYC status.
• If update is required, update KYC by following the instructions given.

What is KYC and why is it important?

KYC i.e. Know Your Customer is a banking process through which the bank verifies the identity of its customers. Its purpose is to prevent fraud, money laundering and financial crimes.

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PNB Bank: Public sector Punjab National Bank (PNB) has warned customers that if there has been no transaction in their accounts for three years and there is no balance in them, then those accounts will be closed after one month. Will go. According to the bank, this step will be taken to protect such accounts from misuse. The Bank has decided to close such accounts to contain the underlying risk. According to the bank, the calculation of three years will be done till April 30.

Accounts linked to Demat accounts, Active Standing Instruction Lockers, Student accounts with customers below 25 years of age, accounts of minors, accounts opened for purposes like SSY/PMJJBY/PMSBY/APY, DBT and those not registered with the Court, Income Tax Department or any An account frozen by the order of any other statutory authority will not be closed.

Migrants will be able to use UPI
ICICI Bank, the largest private sector bank, is allowing overseas customers to use their international mobile numbers to make UPI payments in India. Overseas customers of the bank can make UPI payments by scanning any Indian QR code, UPI ID or using any Indian mobile number. You can make UPI payment by sending money to the number or Indian bank account.

The bank said that this has significantly increased their convenience in making everyday payments. With this facility, the Bank’s overseas customers can make payments for their bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account with ICICI Bank in India.

The bank has provided this service through its mobile banking app iMobile Pay. Earlier expatriates had to register an Indian mobile number with their banks to make UPI payments.

To bring forward this facility, ICICI Bank has leveraged the international infrastructure set by the National Payments Corporation of India (NPCI) for convenient use of UPI across the country. The bank provides this facility in 10 countries America, Britain, United Arab Emirates, Canada, Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia.

EPFO Update: PF account holders rejoice! Now you will get Rs 1 lakh under this new facility, know the details

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These new rates have come into effect from 1 June 2023. Last month, PNB had increased the interest rates on some FDs. Punjab National Bank offers FDs ranging from days to 10 years for common citizens. He gives FD interest between 3.05% to 7.25% on this. The bank offers the highest interest of 7.25% on 444 days FD.

Interest has been reduced on these FDs

The bank has cut the interest rate for the common people by 5 bps on the affidavit maturing in 1 year. Now this FD has been increased from 6.80% to 6.75%. Last month, the bank had reduced the interest rate on FDs maturing in 666 days from 7.25% to 7.05%.

Punjab National Bank is giving this much interest on FD of less than Rs 2 crore

7 days to 14 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

15 days to 29 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

46 days to 90 days: For general public – 4.50 per cent; For senior citizens – 5.00 percent

91 days to 179 days: For general public – 4.50 per cent; For senior citizens – 5.00 percent

180 days to 270 days: For general public – 5.50 per cent; For senior citizens – 6.00 percent

271 days to less than 1 year: For general public – 5.80 per cent; For senior citizens – 6.30 percent

1 year: For general public – 6.75 per cent; For senior citizens – 7.25 percent

More than 1 year to 443 days: For general public – 6.80 per cent; For senior citizens – 7.30 percent

444 days: For general public – 7.25 per cent; For senior citizens – 7.75 percent

445 to 665 days: For general public – 6.80 per cent; For senior citizens – 7.30 percent

666 days: For general public – 7.05 per cent; For senior citizens – 7.55 percent

667 days to 2 years: For general public – 6.80 per cent; For senior citizens – 7.30 percent

More than 2 years up to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 percent

Above 3 years to 5 years: For general public – 6.50 per cent; For senior citizens – 7.00 percent

5 years to 10 years: For general public – 6.50 per cent; For senior citizens – 7.30 per cent.

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PNB has increased the interest rates on FDs of some tenures (PNB Hikes FD interest rates) and has reduced the interest rates on FDs of some tenures. PNB has made the new interest rates effective from 18 May 2023. Let us tell you that on the last day, Axis Bank has also reduced the interest rates on FDs of many tenures.

Punjab National Bank increased interest rates on these tenures

PNB has increased the interest rate for regular citizens on FDs maturing in 444 days by 45 bps from 6.80 percent to 7.25 percent. On the same tenure, the bank has increased the interest rate for senior citizens by 45 bps from 7.30 per cent to 7.75 per cent. At the same time, the bank has increased the interest rate for NRE customers by 45 bps from 6.80 per cent to 7.25 per cent on FDs of the same tenure.

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PNB reduced interest rates on FDs of these tenures

Punjab National Bank has cut interest rates (PNB Reduced FD interest rates) for regular citizens and senior citizens and NI investors on FDs maturing in 666 days. The bank has reduced the interest on 666 days FD from 7.25 per cent to 7.05 per cent. On FDs of the same tenure, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. At the same time, the bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent on FDs of the same tenure.

Axis Bank has also reduced FD interest rates

Axis Bank has reduced fixed deposit interest rates (FD Interest Rates) by up to 20 basis points for deposits of less than Rs 2 crore. The new FD interest rates have been made effective from 18 May 2023. Axis Bank is offering interest rates ranging from 3.5 per cent to 7.10 per cent on FDs for tenures ranging from 7 days to 10 years.

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By the way, all the people using PNB will be happy with this news. The increase in FD interest rates by PNB will greatly benefit the account holders. Reports suggest that the bank has increased the interest rate on FDs between Rs 2 crore and Rs 10 crore.

PNB’s interest rate on FDs of 7 to 45 days will be increased by 0.50 percent to 5.50 to 6.00 percent. It has also been said that the interest rate on FDs with terms of 46 to 90 days will increase by 0.75 percent. Now at present, the interest rate has been increased from 5.50 per cent to 6.25 per cent. At the same time, the interest rate on FD of 6 months was increased from 6.25 percent to 6.50 percent. After this PNB customers have started dancing with joy.

The interest rate in the slabs of PNB has been determined keeping in mind the limit of the tenure of the FD. For example, if you make an FD for 1 to 2 years, then you will get interest at the rate of 6.50 percent. At the same time, on doing FD for 2 to 3 years, you will get interest at the rate of 6.50 percent.

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Whereas, the rules related to loss or theft of credit debit card have also been amended. The bank has said that the new changes will come into effect from 1 May 2023.

Punjab National Bank has changed the fees regarding some of its banking services and has issued new guidelines for the customers. According to PNB’s website, Punjab National Bank will charge Rs 10 + GST ​​for domestic ATM cash withdrawal transaction failure due to insufficient funds (ATM Cash Transaction Failed Guidelines). The bank said that Dear Customer, from May 01, 2023, penalty will be applicable on failed domestic ATM cash withdrawal transactions due to insufficient funds.

What to do in case of failed PNB transaction Customer

guidelines for failed ATM transactions as per PNB website are as follows-

• Complaints regarding failed ATM transactions will be addressed within 7 working days of their receipt.
• Compensation of Rs 100 per day will be given for delayed settlement if the claim is lodged within 30 days from the date of transaction.
• For all such concerns, the customer can call the Bank’s Contact Center toll free helpline 0120-2490000, 18001802222 or 1800 103 2222.

Changes in Debit Card Fees

Punjab National Bank informed that it is in the process of implementing revised charges for debit card and prepaid card issuance charges and annual maintenance charges. The bank is also planning to levy charges on ecommerce transactions done through POS and debit cards, if the transaction is declined due to insufficient balance in the account.

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Whereas, the rules related to loss or theft of credit debit card have also been amended. The bank has said that the new changes will come into effect from 1 May 2023.

Punjab National Bank has changed the fees regarding some of its banking services and has issued new guidelines for the customers. According to PNB’s website, Punjab National Bank will charge Rs 10 + GST ​​for domestic ATM cash withdrawal transaction failure due to insufficient funds (ATM Cash Transaction Failed Guidelines). The bank said that Dear Customer, from May 01, 2023, penalty will be applicable on failed domestic ATM cash withdrawal transactions due to insufficient funds.

What to do in case of failed PNB transaction Customer
guidelines for failed ATM transactions as per PNB website are as follows-

• Complaints regarding failed ATM transactions will be addressed within 7 working days of their receipt.
• Compensation of Rs 100 per day will be given for delayed settlement if the claim is lodged within 30 days from the date of transaction.
• For all such concerns, the customer can call the Bank’s Contact Center toll free helpline 0120-2490000, 18001802222 or 1800 103 2222.

Changes in Debit Card Fees

Punjab National Bank informed that it is in the process of implementing revised charges for debit card and prepaid card issuance charges and annual maintenance charges. The bank is also planning to levy charges on ecommerce transactions done through POS and debit cards, if the transaction is declined due to insufficient balance in the account.

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PNB customer alert: If your account is also in PNB bank then there is an important update for you. Punjab National Bank has given big information by tweeting. If you do not listen to the bank, then your bank account may also be closed or there may be a ban on account transactions.

The post Big news for PNB customers! The account will be closed from December 12, know here why? first appeared on Rightsofemployees.com.

Customers whose KYC will remain pending after December 12, may face difficulty in doing transactions from their account. That’s why it is very important for all customers to get KYC done by 12 December. The bank has said that according to the rules of the Reserve Bank of India , customers should get their KYC updated by December 12, 2022.

PNB has said in a press release that the customers whose KYC updation is pending, have been informed through two notices on their registered address and SMS on their registered mobile numbers. On 20 and 21 November 2022, the bank had issued a notification in this regard on its social media account as well.

Punjab National Bank had said in its tweet that as per RBI guidelines, KYC updation is mandatory for all customers. If your account was due for KYC updation by 30.09.2022, you have already been informed about the same. Visit the base branch to update your KYC before 12.12.2022. Due to non-updation, the operation of your account can be banned.

RBI gave this advice

The Reserve Bank of India has advised all banks to update KYC regularly in view of the increasing threat of online fraud in the country. Earlier banks used to ask customers to update KYC once in 10 years, but now many banks are advising to update it even after an interval of three years.

These documents will have to be given for KYC

Customers will have to provide address proof, photo, PAN, Aadhaar number and mobile number to get KYC updated. You can also accomplish this task by sending an e-mail. Also, you can complete this process by visiting the branch of the bank. The bank has made it clear that no customer is called for KYC update. So don’t fall into this kind of trap. If any customer has KYC related problem, they can directly contact the customer care number of the bank. Or you can go to the bank and contact the employees.

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Changes in the rules of RTGS

According to the information given by PNB, the RTGS charges have been reduced to Rs 24.50 for offline transactions and Rs 24 for online transactions, as against Rs 20 for offline transactions at the branch level earlier. Apart from this, RTGS fee has also been reduced. For amounts of Rs 5 lakh and above, it has been increased from Rs 40 to Rs 49.50 earlier. Its online fee has been reduced to Rs 49

Change in charges of NEFT

The charges for National Electronic Funds Transfer (NEFT) operated by Reserve Bank of India have been changed. According to the information given on the website of PNB, ‘No fee is charged from the savings account holders for the NEFT fund transfer initiated online.’ Let us tell you that NEFT charges are applicable on other than savings accounts and transactions taking place outside PNB.

Know the new charges

According to the information given by PNB, the NEFT charges for transactions up to Rs 10,000 increased to Rs 2.25 from Rs 2 earlier. The online fee for this has become Rs 1.75.

Under this, the fee for transactions at branch level has been increased from Rs 4 to Rs 4.75 for transaction amount above Rs 10,000/- and up to Rs 1 lakh, while the fee for online transactions has been fixed at Rs 4.25.

At the same time, charges above Rs 1 lakh and up to Rs 2 lakh have been increased from Rs 14 to Rs 14.75 and for online transactions to Rs 14.25. For transactions above Rs 2 lakh, it has been increased from Rs 2 to Rs 24.75.

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Important announcement regarding #KYC, please note! pic.twitter.com/2RSJrZxxMf

— Punjab National Bank (@pnbindia) August 17, 2022

Public Sector Bank Punjab National Bank is asking customers to update KYC. The bank said through a tweet that all customers should get KYC done by 31 August 2022.

The post PNB Bank Customers Alert! PNB Bank customers should do this work before August 31, otherwise the bank account will be blocked first appeared on Rightsofemployees.com.

You will get loan from mobile number!

Actually, Punjab National Bank (PNB) is giving benefits of up to Rs 8 lakh to its customers through Insta Loan. If you also want to take a personal loan under this facility, then all you have to do is enter your mobile number and Aadhaar number. After this you will get this loan easily. The bank has also explained its process by tweeting.

PNB tweeted the information

Punjab National Bank tweeted, ‘Now taking loan from the bank is as easy as ordering food. If you are looking for a personal loan with low interest rates, you can apply for Insta Loan from Punjab National Bank. For more information, you can visit the website by clicking on the link tinyurl.com/t3u6dcnd.

Who can take advantage of this

To take advantage of PNB, the customer should be a Central Government, State Government or PSU employee.

• This loan is disbursed within minutes.
• The facility of this loan is available 24*7.
• Under this, customers get a loan of up to Rs 8 lakh
  processing fee is zero in this.

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