Punjab National Bank has issued a warning through social media regarding the closure of certain inactive bank accounts. According to the bank's announcement, accounts with no customer-induced transactions in the past three years and a zero balance as of June 30, 2026 will be closed by September 13, 2026. The bank stated that these accounts have not received any customer-initiated transactions for the past three years and have no balance or unclaimed amount. As per the bank's notice, the closure decision aims to prevent misuse of inoperative accounts and reduce associated risks.
PNB explained that the closure decision is aimed at preventing misuse of inoperative accounts and reducing associated risks. The bank stated that it has come to notice that some accounts have not received any customer-initiated transactions for the past three years and these accounts also have no balance or unclaimed amount. The step is being taken to avoid fraudulent activity using inactive accounts and ensure proper account management. The bank emphasized that customers must take necessary steps before the closure deadline to either retain their accounts or complete the closure process.
Customers can still retain their accounts by contacting the concerned branch and submitting all KYC-related documents on or before September 13, 2026. According to the bank's advisory, customers must check whether their accounts are linked to any pension, subsidy, loan, insurance, or other transactions before deciding on closure. The bank has provided toll-free numbers for queries and assistance to help customers navigate this process. Even if customers decide to continue with the closure, they must verify whether their accounts are linked to any ongoing financial transactions.
To retain their accounts, customers must visit the concerned branch and submit all KYC-related documents on or before September 13, 2026. As reported by PNB, customers must ensure their KYC documents are updated with the bank to avoid such issues in the future. The bank has advised customers to verify whether their accounts are linked to any ongoing financial transactions before making any decisions regarding account closure. Account holders must keep their KYC updated with their banks to avoid such issues in the future.
