The bank has appealed to its customers to update their KYC i.e. Know Your Customer by 10 April 2025. This process is being done as per the rules of the Reserve Bank of India (RBI). It is mandatory for account holders who have not updated their KYC by 31 March 2025. This rule is not for all account holders.

How to update KYC?

• You can update your KYC in multiple ways:
• By visiting bank branch: Visit the nearest PNB branch with Aadhar card, address proof, passport size photo, PAN card/Form 60, income proof and mobile number.
• Through PNB ONE App: Do online KYC from home by logging into the mobile app.
• Internet Banking: Visit PNB website and select KYC update option.
• Through Email or Post: You can send the required documents to your branch.

What happens if KYC is not updated?

If you do not update your KYC by April 10, then transactions will not be possible from your account. The account may be temporarily blocked, due to which you will neither be able to deposit nor withdraw money.

How to check KYC status?

• Login to PNB Internet Banking or PNB ONE App.
• Check KYC status by going to personal settings.
• If an update is required, you will see a message on the screen.

Why is KYC necessary?

KYC i.e. Know Your Customer is an important banking process through which the bank ensures that the customer is correct and genuine. Its purpose is to prevent fraud, wrong transactions and money laundering.

PNB has also advised that customers should not click on any unknown links and download unknown files. If in doubt, visit the nearest branch or visit the official website of PNB to get the correct information.

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Following the guidelines of the Reserve Bank of India (RBI), Punjab National Bank (PNB) has asked its customers to update ‘Know Your Customer’ (KYC) information by January 23, 2025. This rule is applicable to those account holders whose accounts were pending for KYC update till September 30, 2024. Those who have not yet updated their KYC.

Offline and online KYC process

Customers can submit documents like their identity card, address proof, recent photo, PAN or Form 60, income proof and mobile number at the nearest branch. Apart from this, customers can also complete the KYC process through PNB ONE/Internet banking services or registered e-mail or post.

If KYC is not done then the account will be dormant

PNB has clearly stated that if KYC is not updated by the stipulated time, the account operation can be banned. Or the account can become dormant. That is, you will not be able to do any transaction. Customers have been advised to visit the nearest PNB branch or the bank’s official website for any assistance. So that, customers can go there and get KYC done. Customers should complete their KYC process on time. So that, there is no problem in your banking transaction.

Customers have 8 days left to get KYC done

Punjab National Bank customers have eight days left to get their KYC done. If you do not get your savings account KYC done within eight days, then the bank account will become dormant. You will not be able to do any transaction. Until the account holders get their account KYC done, that is, until they submit the documents, the PNB bank account will not be activated.

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PNB KYC Updating

PNB has issued a press release on December 7 saying that it has asked its customers to update their KYC (Know Your Customer) details as soon as possible, otherwise their account may be closed. For this, the last date given by the bank is December 18, 2023.

KYC Updation

PNB has said that as per RBI guidelines, KYC updation is mandatory for all customers. If your account has not been KYCed by September 30, 2023, then you have to update your details before December 18, 2023 through PNB ONE/Internet Banking Service (IBS)/registered e-mail/post or by visiting the bank in person. If your account is not updated, the operation of your account may be stopped.”

Important Announcement!

Please take a note!#Announcement #KYC #PNB #Digital #Banking pic.twitter.com/g0C3sRGEGs

— Punjab National Bank (@pnbindia) December 5, 2023

What details are to be given for KYC?

Punjab National Bank has said that customers will have to provide ID proof, address proof, recently taken photo, PAN, income proof, mobile number etc. for KYC.

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PNB has increased the bank FD rates by half a percent. Those customers who have made FD of less than Rs 2 crore will get the benefit of this. The new rates of bank FD have come into effect from November 1.

How much interest is the common citizen getting?

Punjab National Bank customers are getting interest at the rate of 3.5 percent on FD of 7 to 45 days, 4.5 percent on FD of 46 to 179 days, 5.5 percent on FD of 180 days to 270 days.

Senior and Super Senior Citizens

PNB Senior Citizens are getting 50 basis points more interest. Apart from this, super senior citizens are getting 80 basis points more interest. 

For which period is the highest interest available?

The highest interest is being given by the bank on FD of 444 days. In this, interest of 7.25 percent is being given to ordinary citizens, 7.75 percent to senior investors and 8.05 percent to super-senior investors. Let us tell you, additional interest is being given by the bank to the customers between 60 years to less than 80 years. At the same time, the bank is giving 0.80 percent interest to very senior citizens.

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According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

He said, India’s financial system is completely insulated from America and Switzerland. The banking system has no effect on it in any way. He said that the country’s banking system is combative, stable and sound.

The importance of stability of the banking sector came to the fore

Das said that the developments in the banking system of America and Switzerland at the global level have once again brought to the fore the importance of financial stability and stability of the banking sector. RBI Governor along with Finance Minister Nirmala Sitharaman has come to attend the annual meeting of International Monetary Fund (IMF) and World Bank. Let us tell you that SBI (SBI), HDFC (HDFC), ICICI Bank (ICICI Bank) and PNB (PNB) are the largest banks in the country.

The base of Indian economy rests on these four banks only . About 80 percent of the country’s population has bank accounts in these banks. Responding to a question about the Silicon Valley Bank (SVB) failure, he said, “As far as India is concerned, the Indian banking system, India’s financial system, it is completely insulated from any developments in the US or Switzerland.” are untouched. Our banking system is combative, stable and sound.

He said that talk about the parameters related to banking, whether it is capital adequacy, percentage of stressed assets, net interest margin of banks, profitability of banks, whichever parameter is looked at, India’s banking is sound. The system remains healthy. Das said that as far as the RBI is concerned, over the years, the central bank has improved and tightened supervision and regulation of the entire banking system, including non-banking financial companies.

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In addition, the Bank has launched other products such as e-Marketplace and Instant QR on the mobile banking app PNB One, PABL (Pre-Approved Business Loan), Central Bank Digital Currency (CBDC), Digital KCC through Jan Samarth Portal, Tab and Video- Current account opening through KYC, PNB e-Swar and PNB Metaverse etc. have been launched.

Several services launched on Foundation Day

New offerings were launched by Shri Atul Kumar Goel, MD & CEO, PNB and Executive Directors, Vijay Dubey, Kalyan Kumar, Vinod Kumar and Shri M. Paramasivam during the Foundation Day celebrations at PNB Head Office . Respected customers of PNB, senior officers and staff members of PNB were also present on the occasion.

‘Committed to provide better services to account holders’

On the occasion of the launch of new services, Atul Kumar Goel, MD & CEO, PNB said, “As we celebrate 128 years of service to the nation, we pay tribute to our founder Lala Fully dedicated to Lajpat Rai ji’s commitment to provide the best possible banking experience to its customers. Our new offerings are important steps in this direction.”

The bank’s new customer care numbers 1800-1800 and 1800-2021 will be available 24×7 for customers and provide assistance in multiple languages. Customers can use these numbers to inquire about their account balance and past transactions, issue/block debit cards and avail other key services provided by the bank. Customers can also register their complaints and queries with the customer care team of the bank.

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According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

The bank has made a big change for the customers from January 1. Customers keeping Fixed Deposit in PNB will get many other benefits along with higher interest. The bank has given information about this on the official website.

PNB has given information on the official website According to the official website of PNB, the bank has increased the interest rates of FD. From now on, customers will get the benefit of 50 basis points more interest on FD. Along with this, interest rates on savings account have also increased by 25 basis points.

There has also been a change in the rates of FDs.

If we talk about the rates of fixed deposits, interest will be available at the rate of 3.50 per cent on FDs of 7 to 45 days. At the same time, interest will be available at the rate of 4.50 percent on FDs of 46 days to 179 days.

Interest increased on FD of which period?

Apart from this, if we talk about FD of 1 year to 665 days, then it has increased by 45 basis points, after which you will get interest at the rate of 6.75 percent. 7.25 percent interest will be available on FD of 666 days. 6.75 percent interest will be given on FDs of 667 days to 2 years, 6.75 percent interest on FDs of more than 2 years and up to 3 years, 6.50 percent interest on FDs of 3 years to 10 years.

How much interest will be available on savings account?

If you have a savings account of less than Rs 10 lakh, then you will get the benefit of 2.70 per cent interest per annum. On the other hand, if your balance amount is more than Rs 10 lakh and less than Rs 100 crore, then you will get the benefit of interest at the rate of 2.75 percent. At the same time, an account with an amount of more than 100 crores will get interest at the rate of 3 percent.

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If you haven’t done KYC yet, get it done soon. The bank has appealed to the customers that all customers should get KYC done by December 12, 2022. The bank account of the customers will remain active only after KYC is done, otherwise the customers will not be able to do any kind of transaction. Let us know in detail.

PNB alerted!

Punjab National Bank has made a tweet appealing to its customers. Actually, for the last several months, the bank has been appealing to its customers to update KYC (know your customer). In this tweet, the bank has clearly said that all the customers should get their KYC updated within the stipulated time limit. According to the information given by the bank, if you have not updated your KYC yet, then from December 12, you will not be able to do any kind of transaction from your account. Actually, before this detailed information has been given by issuing instructions from the Reserve Bank of India.

Why is KYC necessary?

The full form of KYC is ‘Know Your Customer’. Why it is so important to get KYC done is a big question. Actually, by doing KYC, the bank has the latest information about the customer. In banking, customers have to fill KYC form every 6 months or 1 year. In this, you have to fill your name, bank account number, PAN card number, Aadhaar card number, mobile number and complete address, so that your bank gets all your information.

Do KYC sitting at home

You can e-mail your document bank for this.
– Apart from this, you can complete KYC by calling OTP on mobile from Aadhaar.
– Customers of many banks can do KYC with the help of net banking.
– If you want to go to the bank and get it done, you can do that too.
For this, take the KYC form from your branch and after filling it and attaching all the necessary documents, submit it.
– Your KYC gets updated within 3 working days of KYC form submission.

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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.

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PNB tweeted

PNB has given information about this on its official tweet. PNB has written in the tweet that when you get good interest on investment, the savings will automatically increase. PNB has brought a special scheme of 600 days to the customers.

When interest rates are so high then saving will automatically fly!#InterestRates #FixedDeposit #Saving #Expectation pic.twitter.com/cjgYFujUlK

— Punjab National Bank (@pnbindia) November 11, 2022

will get big interest

PNB’s 600-day scheme offers the benefit of interest at the rate of 7.85 per cent. To take advantage of this scheme, you can apply through PNB One app. Apart from this, you can also take advantage of this by visiting the branch of the bank.

What is the specialty of the scheme

• This special scheme from the bank has started from 19 October 2022.
• This scheme is for senior citizens (60-80 years).
• Apart from this, very senior citizens (80 years and above) can also take advantage of this.
• Under this, a lump sum amount of less than two crore rupees can be deposited.

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The bank had asked its customers to complete KYC by tweeting in this regard a few days ago. For the past several months, the bank has been asking its customers to update KYC.

Can’t withdraw money from account

The bank tweeted and wrote that as per the guidelines of the Reserve Bank, it is necessary for all customers to update KYC. To complete this work, the bank has fixed 31 August 2022 as the last date. According to the bank, if your account has not been updated KYC by 31 March 2022, then complete it by 31 August 2022. To update KYC, contact your parent branch. If you have not updated the KYC, then you will not be able to transfer money from your account.

KYC form to be filled

Actually, under KYC, the bank asks for the details of its customers. Every six months or a year, the bank asks its customers to fill the KYC form. In the KYC form, customers have to fill their name, bank account number, PAN card number, Aadhar card number, mobile number and complete address.

You can update your KYC by visiting the bank branch. You will get the KYC form in the bank, fill it and submit it by attaching the necessary documents along with it. Your KYC gets updated within three days of submitting the form.

You can update KYC even sitting at home

If you want to update KYC sitting at home, then for this you will have to e-mail your documents to the bank. Take special care that the documents should be sent from the registered mail id only. If your KYC document is not complete then you send it online. For KYC, customers will have to scan and send their address proof along with driving license, Aadhar card, NREGA card, PAN card.

a lot of information has to be provided

According to the guidelines of the Reserve Bank regarding KYC, customers need to update many information. Under this, address verification in the form of PAN, recent photo, Aadhaar or passport and other information sought by the bank has to be provided. These procedures are necessary for compliance with KYC related provisions.

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For the past several months, the bank has been appealing to its customers to update KYC (know your customer). By doing KYC, the bank account of the customers will remain active otherwise the customer will not be able to transfer the funds.

Tweet information

Punjab National Bank tweeted, “As per RBI guidelines, KYC Updation is mandatory for all customers. In case your account remains pending for KYC updation by 31.03.2022, you are requested to contact your parent branch for updating your KYC before 31.08.2022. Non-updation may result in ban on your account transactions.

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

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

Know what is KYC?

Let us tell you that the full form of KYC is Know Your Customer. Actually, KYC is a document giving information about a customer. Under this, customers write all the necessary information about themselves. In the field of banking, every 6 months or 1 year, the bank has to fill the KYC form from its customers. In this KYC form, you have to fill your name, bank account number, PAN card number, Aadhar card number, mobile number and complete address.

In this way the bank gets all the information of the customer. KYC is very easy to do. You can easily do it sitting at home. If you want to get it done by going to the bank, you can also do it. For this, first you go to the branch of the bank in which you have your bank account. Go there and take the KYC form from the concerned desk and submit it after filling that form and attaching all the necessary documents in it. Your KYC gets updated within 3 days of submission of KYC form.

kyc can also do sitting at home

If you want to do KYC sitting at home, you can also do it. For this you can e-mail your document bank. Or you can also complete KYC by asking for OTP on mobile through Aadhaar. Many banks also provide KYC facility through net banking. If your bank is also providing this facility and you do net banking then you can easily complete KYC sitting at home.

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Fixed Deposit (PNB FD Rates) investments where returns are guaranteed. This is the reason why banks are providing other facilities to the customers along with better returns. There is good news for the customers of Punjab National Bank.

The bank is offering overdraft facility to its customers on FD. For this, customers will not even need to go to the bank. Through PNB One App, customers of the bank can avail the facility of overdraft on one click and single OTP FD. According to the information given by the bank, if a customer applies for a loan through PNB One, then he will get a discount of 0.25 percent on the interest rate.

PNB launched pre-qualified credit

Punjab National Bank has launched Pre Qualified Credit Card. Insurance coverage is also being given by the bank on this credit card. This facility is being given by the bank to the salary account holders. Any customer can apply through PNB One, website or internet banking service.

Latest FD Rates of PNB

After the change in the interest rates by Punjab National Bank, now the bank will give an interest of 6.10 percent to the common citizens for making FD on maturity of less than 2 crores. On the other hand, the bank will give an interest of 6.60% to senior citizens on making FDs for the same tenure.

Whereas after today’s change, the bank will pay an interest of 5.75% for general citizens and 6.25% for senior citizens on tax saving deposits for 5 years. On the other hand, the bank will now offer an interest of 3% to 5.75 per cent for general citizens and 3.50% to 6.25% for senior citizens for making FDs on maturity from 7 days to 1111 days.

Whereas the bank will now pay an additional interest of 50 basis points on all applicable card rates to senior citizens making FDs of less than Rs 2 crore on all domestic deposits.

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PNB has given information about this account through a tweet. The tweet reads, by opening ‘My Salary Account’, customers can increase their benefits manifold. According to PNB, zero initial deposit has to be given in My Salary Account. That is, no money will have to be paid while opening the account. Customers will get sweep facility in this account.

These facilities will be available

Benefits of overdraft Customers can also avail overdraft facility in PNB My Salary account. In this, customers also get personal accidental insurance cover. You can also take a free credit card with the account. If you need money in an emergency, you can take a loan from this account in the form of overdraft. In overdraft, you will get the facility to withdraw more money from the account. The service of sweep facility is also available on this account.

The sweep facility is very special in which customers get the facility to transfer money to another account. Punjab National Bank runs Prudent Sweep Deposit Scheme which helps you earn high interest rate on your savings. In this facility, money is automatically transferred from savings account to fixed deposit.

Get 20 lakh benefit like this

PNB is offering many benefits including insurance cover to its salary account holders. A personal accident cover of Rs 20 lakh is being given to the customer on opening a PNB MySalary account with the facility of zero balance and zero quarterly average balance.

4 types of salary account

• In this account, those who get salary from 10 thousand to 25 thousand per month have been kept in silver category.
• Apart from this, people from 2500 to 75000 rupees have been kept in the gold category.
• Rs 75001 to Rs 150000 is kept in the premium category
• At the same time, those with a salary above Rs 150001 have been kept in the Platinum category. 

Get a profit of three lakhs like this  

In PNB My Salary Account, overdraft facility is given to the customers by the bank. Silver category people will get the facility of overdraft up to Rs 50,000. Apart from this, overdraft facility will be available for 150000 for Gold, 225000 for Premium and 300000 for Platinum.

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PNB Housing Finance has revised the interest rates offered on fixed deposits. The company says that now on FDs of less than 5 crores, the company will pay the highest interest of 7.25%.

The increased new rates are applicable from August 10. Let us tell you that in the recent meeting of the monetary policy of RBI, it was decided to increase the repo rate by 50 basis points. RBI increased the repo rate by 50 basis points to control inflation, which has now increased to 5.40 percent. Since then, many banks have increased the interest rates of FDs.

PNB FD Rates

PNB Housing Finance will pay an interest of 6.50% on cumulative FDs made on maturity of 12 to 23 months. Whereas the company 6.55% on FDs made for 24 to 35 months, 7.25% on FDs made for 36 to 47 months, 7.15% on FDs made for 48 to 59 months, FDs made for 7 to 71 days But 7.30% and FDs made for 72 to 84 months will pay an interest of 7.25%.
At the same time, PNB Housing Finance will now pay an interest of 7.25% on FDs made for 120 months.

non-cumulative interest rates

PNB Housing Finance will currently offer a monthly interest rate ranging from 6.1% to 7.02% on non-community FDs for 12 to 120 months. Whereas for the same number of tenures, the quarterly interest rate ranges from 6.35% to 7.06%, the half yearly 6 will pay 40 to 7.12% and the annual interest rate ranges from 6.50% to 7.25%.

Senior citizens will get even more benefits

PNB Housing Finance has decided to pay additional interest to its senior citizens. PNB Housing Finance will pay 0.25% more interest on FDs to its senior citizens than normal.

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