Big news for bank customers! These bank accounts will be closed after one month, order issued | Live Updates, Unveiling the Latest India News Trends

Bank Account Closure: Public sector Punjab National Bank (PNB) has warned customers that if there is no transaction in their accounts for three years and there is no balance in them, then those accounts will be closed after a month. According to the bank, this step will be taken to protect such accounts from misuse. The bank has decided to close such accounts to prevent the inherent risk. According to the bank, the calculation of three years will be done till April 30.

Accounts linked to Demat accounts, active standing instruction lockers, student accounts with clients below the age of 25 years, accounts of minors, accounts opened for purposes such as SSY/PMJJBY/PMSBY/APY, DBT and those frozen by order of Court, Income Tax Department or any other statutory authority will not be closed.

Expatriates will be able to use UPI

ICICI Bank, the largest private sector bank, is allowing foreign customers to use their international mobile numbers to make UPI payments in India. Foreign customers of the bank can make UPI payments by scanning any Indian QR code, UPI ID or using any Indian mobile number. You can make UPI payments by sending money to the number or to an Indian bank account.

The bank said this has significantly enhanced their convenience in making everyday payments. With this facility, the bank's overseas customers can pay for their bills, merchant and e-commerce transactions from their international mobile number registered in their NRE/NRO bank account with ICICI Bank in India.

The bank has made this service available through its mobile banking app iMobile Pay. Earlier, for UPI payments, overseas citizens had to register their Indian mobile number with their bank.

To bring this facility forward, ICICI Bank has leveraged the international infrastructure set up by the National Payments Corporation of India (NPCI) for convenient use of UPI across the country. The bank offers this facility in 10 countries namely the US, the UK, the UAE, Canada, Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia.