PNB Warns SGB Investors: Update Bank Details to Avoid Payment Delays

• Punjab National Bank (PNB) has issued a warning to Sovereign Gold Bond (SGB) investors regarding incorrect or outdated bank account details.
• Many investors are not receiving interest or maturity amounts due to discrepancies in their bank information.
• Incorrect account numbers or closed accounts can lead to payment failures, making it difficult to retrieve funds if unclaimed for over 6 years.
• SGB investors with PNB accounts must visit their branch to verify SGB linking and phone number details for maturity alerts.
• If closing an account, link a new active account first; if an account is already closed, urgently provide new details to the branch.

Why It Matters: SGB investors must immediately update and verify bank details with PNB to ensure timely receipt of payments.