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INOPERATIVE BANK ACCOUNT
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...- RBI fines Canara Bank for violations related to KYC, inactive accountsThe Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Yo...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
- EPFO plans auto-settlement to clear Rs 5,200 crore in inoperative accountsThe Employees' Provident Fund Organisation is developing an auto-settlement system. This will help subscribers claim unclaimed money from i...
- 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...
- 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...
- Big relief proposed by RBI for account holders in activating an inoperative bank account or claiming unclaimed depositsThe Reserve Bank of India proposed on May 23, 2025, to ease access to inoperative accounts and unclaimed deposits. Banks will be required t...
- Govt says 11.30 crore inoperative Jan Dhan accounts have Rs 14,750 crore balance as of Nov 20Over 54 crore accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) as of November 20, 2024. However, 11.30 crore acco...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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 ...
- If your PAN-Aadhaar are not linked will your salary get credited in your bank account?In case an individual has not linked his/her PAN with Aadhaar by June 30, 2023 then in all probability it has got classified as 'inoperativ...
- 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 ...
- 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...
- 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.
- 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...
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