PNB Account Closure Alert: Bank to Shut THESE Accounts from April 16; Check Deadline & How to Save Your Accoun

Punjab National Bank account holders must take note of this as the PSU lender has issued an advisory warning that all inactive zero-balance accounts may be closed from April 16th.

This is a crucial time to act for account holders, as April 15 is the deadline to reactivate such accounts and avoid permanent closure.

PNB has begun a clean-up drive following the Reserve Bank of India guidelines regarding the dormant and unclaimed accounts.

Which PNB Accounts Will Be Closed? Check If You're Affected

PNB had first alerted customers on March 18, urging those with inactive accounts to take immediate action. With the deadline now here, customers who fail to update their KYC or activate their accounts risk losing access permanently from April 16 onward.

The bank has clarified that not all accounts will be impacted. The closure, specifically targets accounts that meet all three conditions:

No customer-initiated transactions for 3 years or more
Account balance is zero
KYC details are not updated

Additionally, accounts classified as "dormant" which are inactive for 2 years may face restrictions like a debit freeze, even if they have funds, until KYC compliance is completed.

Customers who miss the deadline may see their accounts closed without further notice, as per the bank's advisory.
According to PNB, dormant accounts pose higher risks of fraud, misuse, and unauthorised access. Cleaning up such accounts is important to banking security and compliance with regulatory norms.

How to Reactivate Your PNB Account Before Deadline

If your account falls under the affected category, you can still save it by taking quick action today. Here's how:
1. Customers can visit their nearest PNB branch and complete KYC verification to restore account activity. The Documents required are as follows:

Aadhaar / PAN / Voter ID / Passport
Address proof
Passbook or debit card

2. PNB also allows online reactivation via the PNB One app. Users can log in, update KYC, and complete Aadhaar-based OTP verification.

3. Even a basic activity like deposit, withdrawal, balance check, or cheque request, along with KYC update, can help reactivate your account.

What Happens If Your Account Gets Closed?

If your account is closed after April 16, you may still approach your home branch with full KYC documents to request reactivation. However, the process becomes more complicated and is subject to bank approval, so it is better to act before the deadline.