PNB account holders alert! These accounts will be closed after November 10 - here is why

What happened

Punjab National Bank said accounts unused for more than three years and holding a zero balance could be closed after November 10, 2026. The bank asked affected customers to complete Know Your Customer (KYC) formalities, which means identity checks, and reactivate accounts before the deadline.

Confirmed

Global impact / market context

PNB aims to prevent misuse of long-inactive accounts and cut the risks of maintaining them. Customers who lose access face disruption to banking services, so they must act before the deadline to keep their accounts open.

Analyst inference

The notice covers accounts with no customer-initiated transaction since before September 30, 2023 and no money remaining. This targets dormant accounts that carry upkeep costs and misuse risk, while active or funded accounts fall outside the closure conditions.

Analyst inference

What to watch

1. PNB's October 26 notice applies only where two conditions are met: no customer-initiated transaction for more than three years as of September 30, 2026, and a zero balance. Confirmed
2. Affected customers should complete KYC formalities and reactivate their accounts before November 10, 2026, the bank said, to avoid disruption to banking services. Proposed
3. Watch whether more customers reactivate dormant accounts before the deadline, which could restore deposits and reduce the number of inactive accounts PNB must maintain. Analyst inference

Evidence

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