Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are off...

Crypto investors can now earn from idle assets without constant trading. Flexible savings accounts allow users to deposit cryptocurrencies ...

A savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial trans...

The Reserve Bank of India (RBI) has relaxed the process for reactivating dormant accounts and increased norms to limit fraud in inoperative...

Interest credited by the bank on the account balance, as well as any charges deducted by the bank, are not considered as transactions.

Depending on the account status, banks mark such accounts as dormant or inactive. As it's likely that you're not keeping an eye on your acc...

As per World Bank’s Findex data, 42% of women’s accounts are dormant, 23% are excluded from formal financial services and 35% are non dorma...

According to the survey, conducted in 42 districts spread across 17 states and one union territory, the reasons for duplication of accounts...

These would be accounts that have remained unclaimed since 1955 and the banks have failed to re-establish contact with the respective clien...

A bank account become inoperative or dormant if no credit or debit transaction has been conducted for a period of two years.

India is yet to realise the potential of mBanking and digital financial services even as only 47% of the people have bank accounts, says a ...

Individuals end up with more accounts than needed when they switch jobs or opt for feature-rich accounts, without closing their existing on...

Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money has got the RBI nod.

RBI today advised banks to allot a different product code in their core banking solution to accounts that were dormant or inoperative for o...

If you don’t withdraw money or carry out any transaction from your account through the bank’s ATM, branch or website, for a period of more ...

There have been stray instances of money being siphoned off from inactive accounts. Individuals are better off closing unwanted savings A/C...

If you don't carry out any transaction in your account, bank considers your a/c as inactive. So, visit your bank once in a while to save yo...