Banking Tips: Crores of people in the country have bank accounts. People keep their deposits safe in these bank accounts. However, sometimes people may have to suffer losses due to their mistakes.
These losses also include losses related to bank accounts. In fact, many times people’s bank accounts also get closed. There is an important reason behind this also. Let us know about it…
Bank account may become inactive
Many times, if there is no activity in a bank account for a long time, the bank account may also be closed. In fact, if there is no transaction in a savings account or current account for two years, then the bank account will be considered inactive or dormant account. According to the RBI notification, if there is no transaction in a savings or current bank account for more than two years, then such bank account will be kept under inactive or dormant account and a separate ledger will be used for it. Under this, transactions mean debit and credit.
Will not be able to do this work
At the same time, if an account becomes dormant or inactive then people may have to face a lot of trouble. During this period, people will not be able to log in to their bank account, make any payment, send money to anyone and will not be able to withdraw money from the account.
According to the information, whenever a bank account becomes dormant, all the credit and debit transactions related to that bank account are blocked. During this period, people are not allowed to do UPI, NEFT, RTGS etc. Along with this, transactions done through check book or debit card are also blocked.
This is how to activate again
RBI says that whether a savings account is active or not, interest will definitely be given in those savings bank accounts. These active or dormant accounts can also be reactivated. For this, some documents will have to be submitted to the bank. To restart dormant and inactive accounts, you will have to go to the branch of the bank in which you have your account. After this, you will have to apply there to reopen the bank account.
You will also have to submit self-attested identity certificates. After this, you will have to do any transaction from your bank account, the bank account will become active again.
