Clients of the Punjab National Bank (PNB) have been urged to refresh their ledgers’ Know Your Customer (KYC) data. Today, i.e, August 31 is the last date to complete KYC, as per a Tweet from the public bank. It was likewise said that procedure on financial balances would be limited on the off chance that KYC was not refreshed toward the present end.
‘According to RBI rules, KYC update for all clients is required. In the event that your record has become due for KYC updation as of 31.03.2022, you are mentioned to contact your base branch to get your KYC refreshed before 31.08.2022,” the bank tweeted.
‘You are mentioned to contact your base branch to get your KYC refreshed before 31.09.2022. Non-updation might prompt limitation in your record,” it added.
Financial balance holders are obliged to supply their latest data, including PAN, photographs, addresses, and different subtleties as mentioned by the foundation, as a component of the KYC consistence exertion.
In the interim, answering a client’s question on Twitter, the bank said: “Dear client, thank you for keeping in touch with us. We demand you to kindly associate with our client care administration at 1800 180 2222/1800 103 2222 (complementary)/0120-2490000 (rung number) for more data in such manner. Much obliged to you.”
The PNB KYC Policy 2022, which was distributed recently, endeavors to prevent crooks from involving the bank for fear monger supporting or to launder cash. The bank noted in the arrangement that it trusted the recently unveiled rules would work on how its might interpret its clients’ monetary exchanges and aid wisely decreasing related chances.
One ought to know that the Prevention of Money-Laundering Act (PMLA), 2002, and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, expect banks to direct KYC consistence routinely.
