Punjab National Bank (PNB) has announced an extension of the deadline for customers to update their Know Your Customer (KYC) details. The new deadline is now April 10, 2025, to comply with the Reserve Bank of India’s (RBI) guidelines. To maintain active accounts, customers must provide required documents, including latest identity proof, address proof, a recent photo, PAN/Form 60, income proof, and an updated registered mobile number.
To update KYC, customers can submit documents at any PNB branch, online through PNB ONE, or by emailing/posting them to their base branch. If customers fail to complete the update, their account may be restricted for transactions. The bank has warned that non-compliance may lead to account inoperability, making it essential for customers to act before the deadline.
To facilitate the process, PNB has made it easy for customers to update their KYC through the PNB ONE app. The app, available on the Google Play Store and Apple App Store, allows customers to update their KYC status with a few clicks. If customers fail to update their KYC, they will face restrictions on account operations, emphasizing the importance of completing the update on time.
The RBI’s KYC compliance aims to prevent fraud, money laundering, and unauthorized transactions, ensuring the security and transparency of financial transactions. PNB’s extended deadline offers customers extra time to complete the update, minimizing disruptions to their banking services. Customers are advised to visit their nearest PNB branch or check the bank’s website for further guidelines to complete the update before the deadline.