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ACTIVATE INOPERATIVE ACCOUNTS
PNB account holders beware! PSU bank set to close these accounts after April 15, 2026Punjab National Bank is warning account holders with inoperative accounts to complete their KYC by April 15, 2026. Failure to do so will re...17 Mar, 2026, 05.20 PM IST- RBI launches scheme to reduce stock of unclaimed deposits by incentivising banksThe Reserve Bank of India launched a year-long incentive scheme for banks, effective October 1, to reduce unclaimed deposits. Banks will re...30 Sep, 2025, 09.40 PM IST
- RBI issues new rules for activating inoperative bank accounts, unclaimed deposits: KYC via video, any branch of bank, business correspondentReserve Bank of India introduces new guidelines for inactive bank accounts. Customers can now update KYC at any branch. Video KYC option is...12 Jun, 2025, 03.13 PM IST
- How to activate inoperative bank accounts in SBI, HDFC Bank, and PNB as RBI asks banks to reduce these accountsRBI has advised banks to urgently take the necessary steps to reduce the number of inoperative or frozen accounts and make the activation p...03 Dec, 2024, 03.34 PM IST
- RBI asks banks to bring down inoperative accounts urgently, report their numbers quarterlyThe RBI has directed banks to urgently reduce the number of inoperative or frozen accounts and make activation smoother. Banks should enabl...02 Dec, 2024, 10.18 PM IST
- SBI customers: How to activate an inoperative SBI bank accountInoperative SBI bank account: The bank emphasised the importance of carrying out regular transactions in accounts and preventing categoriza...02 Dec, 2024, 02.19 PM IST
- RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paidThe Reserve Bank of India (RBI) has issued comprehensive guidelines on the measures to be implemented by the banks covering various aspects...05 Jan, 2024, 11.23 AM IST
- ET Explainer: How to make a dormant bank account regularA savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial trans...02 Jan, 2024, 01.34 PM IST
- RBI simplifies reactivation of dormant accounts; tightens norms to curb fraudsThe Reserve Bank of India (RBI) has relaxed the process for reactivating dormant accounts and increased norms to limit fraud in inoperative...01 Jan, 2024, 08.34 PM IST
- About 20 pc of 51 crore Jan Dhan accounts inoperative: MoS FinanceAs per the Reserve Bank of India (RBI) guidelines, a savings as well as current account should be treated as inoperative/dormant, if there ...19 Dec, 2023, 07.16 PM IST
- How to activate inoperative PPF accountIf the account is inoperative, you can no longer claim loans against your PPF account, which could be troublesome if you foresee requiring ...19 Jan, 2023, 11.32 AM IST
- How to activate an inoperative bank accountAn inactive bank account is termed inoperative. An account becomes inoperative if there are no transactions in the account for over two yea...19 Oct, 2015, 08.00 AM IST
- EPFO launches drive to help activate inoperative accountsThe members are expected to provide the information to the extent available with them. Thereafter, a reference ID is created for future ref...19 Feb, 2015, 10.14 AM IST
- Give names of unclaimed deposit a/c on website: RBI to banksBanks should complete the action by March 31, and keep their websites updated at regular intervals, the Reserve Bank said in a notification.02 Feb, 2015, 06.43 PM IST
- Settle inoperative PF accounts: EPFO to field officesRetirement fund body EPFO has asked its field offices to identify the beneficiaries of inoperative PF accounts and settle those either by m...12 Jan, 2015, 10.41 PM IST
- RBI asks RRBs, cooperative banks to frame policy on unclaimed accountsThe Reserve Bank today asked cooperative and regional rural banks to frame policies to locate customers with unclaimed deposits or inoperat...13 Jun, 2012, 07.11 PM IST
- Find whereabouts of unclaimed deposit holders: RBI tells banksRBI has directed banks to find the whereabouts of the holders of unclaimed deposits by displaying the list of such accounts on their websit...07 Feb, 2012, 07.23 PM IST
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