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The original article suggests that Punjab National Bank (PNB) customers who have pending Know Your Customer (KYC) updates must complete them by August 8, 2025, to avoid having their accounts frozen. This directive is in line with Reserve Bank of India (RBI) guidelines aimed at preventing fraud, money laundering, and financial crime. Failure to update KYC could lead to restrictions on account operations, preventing both deposits and withdrawals.

Customers needing to update their KYC are required to submit essential documents such as an identity card, address proof, a recent photograph, PAN or Form 60, and income proof. They can complete this process through the PNB One app, internet banking, by post, or by visiting their nearest branch.

Recent RBI directives aim to streamline the KYC process, requiring banks to send multiple reminders to customers before imposing restrictions or freezing accounts. While the general deadline for KYC updates was extended for low-risk customers until June 30, 2026, some banks like PNB have set specific, earlier deadlines for specific customer segments to ensure compliance.The RBI also permits Business Correspondents to assist in the KYC update process, particularly for those in rural or underserved areas.
 


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