• Source:JND

Punjab National Bank (PNB), one of India's leading public sector banks, is reportedly set to take a major decision regarding a large number of bank accounts from tomorrow. According to media reports, the move could potentially impact many customers, drawing attention across the banking sector alongside similar actions previously seen in other state-run banks.

Which Accounts Will Be Closed?

Media reports have revealed that the bank is going to close the accounts these people:

-Those who have zero balance for 3 years and have not used their account in any way.

-Along with this, accounts which have been put in inactive mode.

-Additionally, e-KYC of bank accounts is also required. If someone fails to complete e-KYC by 5 pm today, their bank account may be closed.

If the above mentioned criteria are not met then the account holder's account may be closed.

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Reason Behind The Step?

There are many accounts in the bank that have no transactions whatsoever, and their balances are also zero. These accounts are particularly vulnerable to fraud. Therefore, banks periodically clean up such accounts.

How To Avoid Action?

-First, complete your bank account's e-KYC. You can do this at the Punjab National Bank near your home.

-Apart from this, deposit some amount in the bank.

-And also make a small transaction.

You can complete this task only by visiting the bank. Before going to the bank, be sure to bring the necessary documents. These include your Aadhaar card, PAN card, electricity or water bill, and bank passbook. Also, make photocopies of each of these documents.

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In another news, involving the high-profile extradition case of fugitive economic offender, diamond merchant, Nirav Modi could be brought back to India soon. According to CNN-News18, citing sources, top government officials have indicated that the extradition proceedings have reached an advanced phase. Teams from the Central Bureau of Investigation (CBI) are already in London to coordinate the final steps, signalling that preparations for his return are actively underway.

The development follows a March ruling by a London court, which dismissed Modi’s plea to reopen extradition proceedings, bringing him a step closer to being sent back to India in connection with the alleged Rs 6,498-crore PNB fraud case.


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