There is a news for the bank account holders of the public sector Punjab National Bank (PNB) straight from the source itself.
Bank’s Policy Update – Closure of Dormant Accounts to Mitigate Risks
As per the bank, if there are any accounts wherein no transaction has been made for past 3 years and there is no outstanding amount in the account, then such accounts shall be directly closed as a bank’s step to prevent risks, after a period of one month.
As per the bank, this step has been taken to circumvent the misuse of such accounts and risk avoidance. The date upon which the calculation of 3 years shall be done will be 30th April, 2024.
Below accounts shall remain unaffected by this:
- Demat Account Linked Accounts
- Standing Instruction with Active Locker
- Accounts of Customers Below 25 years of Age
- Minor Accounts
- Sukanya Samriddhi
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), PMSBY, APY, DBT
- Accounts opened for DBT
ICICI Bank Introduces UPI Payments for NRI Customers, Exempts Specific Accounts from Closure Policy
All the above mentioned will not be closed. In addition to these, the accounts frozen on the orders of court, Income Tax Department or any other statutory authority will also not be closed under this.
On the flipside, ICICI bank is providing the facility to NRI customers to use international mobile numbers to make UPI payments in India.
Such customers can simply make payments via UPI by scanning the QR code or using UPI ID or using mobile number. The bank noted that the same has caused substantial increase in the number of daily payments.
With this, those NRI customers who have their international mobile number registered in their NRE/NRO bank account with ICICI Bank in the country, can directly make payments for their bill, merchant and e-commerce transactions.
It is via the mobile banking app iMobile Pay that this service is being provided by the bank.
Earlier, these people had to register an Indian mobile number with their banks to make UPI payments.
