The Punjab National Bank (PNB) reminded its prospects to replace their Know Your Customer (KYC) particulars by August 31 so as to maintain their account energetic. Only these PNB prospects must replace their KYC whose accounts have change into due for the method as of 31 March 2022. The financial institution warned prospects that “non updation might result in restriction of operations in your account.”
“Important announcement regarding #KYC, please note!,” the general public sector lender tweeted.
“As per RBI tips, KYC updation for all prospects is necessary. If your account has change into due for KYC updation as of 31.03.2022, you’re requested to contact your base department to get your KYC up to date earlier than 31.08.2022,” learn the notification posted by PNB on Twitter.
How PNB prospects can get their KYC achieved
When requested by a buyer how one would know if the KYC was pending, the financial institution promptly replied, “Dear buyer, thanks for writing to us. We request you to please join with our buyer care service at 1800 180 2222/ 1800 103 2222 (toll-free)/ 0120-2490000 (tolled quantity) for extra data on this regard. Thank you.”
Dear buyer, thanks for writing to us. We request you to please join with our buyer care service at 1800 180 2222/ 1800 103 2222 (toll-free)/ 0120-2490000 (tolled quantity) for extra data on this regard. Thank you.
— Punjab National Bank (@pnbindia) August 18, 2022
Customers must submit a duly crammed and signed prescribed format if there isn’t any change within the KYC data offered by them to the financial institution. In case of any change, the client has to go to the department to get the identical up to date.
What is KYC?
KYC stands for Know Your Customer. The means of KYC helps the financial institution know in regards to the buyer’s identification, deal with, and monetary historical past and to maintain monitor of the cash that’s transacted or not for unlawful functions.
PNB goals to get well ₹32,000 crore from unhealthy loans
PNB’s Managing Director A Okay Goel stated the lender is aiming about ₹32,000 crore-worth recoveries from the decision of unhealthy loans within the present fiscal. The restoration in every quarter could be greater than the slippage, he stated, including that the financial institution’s whole restoration throughout the first quarter was ₹7,057 crore. The slippages have been at ₹6,468 crore throughout the identical interval.
“We expects to recover ₹8,000 crore every quarter and would ensure that its recoveries are higher than fresh slippages,” he stated, PTI reported.
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