PNB Inoperative Accounts Update: Punjab National Bank (PNB), the country’s largest public sector bank, has made an important announcement for its customers. If there has been no customer-initiated transaction in a savings or current account for more than two years, the account is considered dormant. Customers can easily reactivate such accounts. To help with this, PNB is running a nationwide campaign from February 17, 2025, to March 7, 2025.
How to Reactivate Your Account?
To reactivate an inactive account, account holders must submit their KYC documents. PNB allows customers to update KYC by visiting their nearest branch. The bank has simplified the process so that more customers can reactivate their accounts and continue using banking services. If you need assistance, visit your nearest PNB branch or check the bank’s official website: www.pnbindia.in.
When Does a Bank Account Become Inactive?
If there are no customer-initiated transactions in a savings or current account for two consecutive years, the bank can classify the account as inactive or inoperative.
Reasons for an Account Becoming Inactive
- No Transactions for a Long Time – If there are no withdrawals, deposits, online transfers, or other customer-initiated activities for 24 months.
- Only Bank Transactions Are Not Valid – Interest credits or deductions for bank charges do not count as customer transactions.
- KYC Not Updated – Failure to update KYC documents regularly may lead to account inactivity.
- Security Policy – Long-term inactivity may result in the bank blocking the account for security reasons.
How to Activate an Inactive Account?
- Visit the Nearest Branch – Submit updated KYC documents.
- Make a Transaction – Deposit, withdraw, or transfer funds online.
- Use Digital Banking – Reactivate your account through the bank’s official website or mobile banking app.
Problems with an Inactive Account
- Online Banking and ATM Services Get Blocked
- Auto-Debit Services (EMI, Bill Payments, Investments) May Stop
- Limited Access to Other Banking Services