Punjab National Bank (PNB) has warned such account holders whose accounts have not been active for a long time. That is, such accounts which are inoperative. The bank has said that they should complete their KYC soon, otherwise their account will be closed within a month. The bank has said on social media platform If this is not done, then their account can be closed without notice from 16 April 2026.
What is an inoperative bank account?
According to RBI, a savings or current account in which there has been no transaction from the customer for more than 2 years is called an inoperative account. To activate an inoperative account, customers can update their KYC from home, any branch or through V-CIP (Video KYC), if the bank offers this facility. The bank will activate the account only after KYC is completed.
How to activate account?
Deposit or withdraw money from the account. Can also do non-financial transactions. Like checking balance, applying for check book or card, transaction limit can be changed. KYC can be done by visiting the bank or through internet/mobile banking.
Ways to activate inoperative account
You will have to apply at the branch where you have your account and submit new KYC documents. This work can be done from other branches also.
You can apply at any other branch and give Aadhaar information, if your biometric KYC is complete. After verification, the bank will reactivate the account and you will be able to transact in it.
Earn good money from penalty from these banks
According to the latest data presented by the Finance Ministry in the Lok Sabha, HDFC Bank, Axis Bank and Punjab National Bank (PNB) have collected the highest penalty from customers for not maintaining minimum balance in savings and current accounts in FY 2022-23, FY 2023-24 and FY 2024-25. This information was given in response to an unstarred question in the Lok Sabha on March 9, 2026. This data is related to the charges that banks impose for not maintaining minimum balance. According to the data, public sector banks (PSBs) collected a total penalty of Rs 8,092.83 crore from customers between FY 2022-23 to FY 2024-25.