What Happens to a Dormant or Inoperative Bank Account and How Do You Reactivate It?
Oct 01, 2026
New Delhi [India], October 1: A savings account at AU Small Finance Bank or any other Indian bank becomes inoperative after more than two years without a customer-induced transaction, under the RBI's instructions of 1 January 2024 (effective 1 April 2024). The bank must warn you after one year, keep crediting interest, charge no minimum-balance penalty and reactivate the account free on fresh KYC at any branch. Balances unclaimed for ten years move to the RBI's DEA Fund but remain claimable.
Read More ..
