How to activate inoperative bank accounts in SBI, HDFC Bank, and PNB as RBI asks banks to reduce inoperative accounts
RBI has advised banks to urgently take the necessary steps to reduce the number of inoperative or frozen accounts and make the activation process of such accounts smoother. Some of the ways suggested by the apex bank include enabling seamless updation of KYC through mobile/internet banking,
How inoperative bank accounts are misused for scams: Experts explain
A bank account is classified as inoperative when there are no customer-initiated transactions for over two years
RBI asks banks to reduce frozen and inoperative accounts; here's why
RBI analysis says number of "inoperative accounts or unclaimed deposits" in several banks was on higher side as compared to their total deposits
SBI customers: How to activate an inoperative SBI bank account
The bank emphasised the importance of carrying out regular transactions in accounts and preventing categorization into inoperative accounts, according to the SBI press release on November 30, 2024.
RBI asks banks to activate inoperative/frozen accounts
RBI instructs banks to reduce inoperative accounts, streamline KYC process, and facilitate Aadhaar updation for customers.
RBI directs banks to urgently reduce inoperative or frozen accounts
This includes enabling seamless Know Your Customer (KYC) updates through mobile or internet banking, non-home branches, video customer identification processes, and more
RBI Directs Banks To Activate Frozen Accounts With Special Campaigns
The Reserve Bank of India (RBI) has directed banks to take immediate steps to reduce the number of inoperative or frozen accounts and to make the activation process smoother and more hassle-free.
​RBI advises banks to urgently bring down number of frozen accounts
RBI advisory follows analysis which revealed the banks with the highest number of frozen accounts, says customers facing problems in seeking activation of inoperative accounts
RBI asks banks to bring down inoperative accounts urgently, report their numbers quarterly
The RBI has directed banks to urgently reduce the number of inoperative or frozen accounts and make activation smoother. Banks should enable seamless KYC updates and organize special campaigns. The progress in reducing such accounts must be reported quarterly to the RBI,
RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly
Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of ...
Rs 1 trillion stuck in inoperative accounts, RBI asks banks to monitor resolution
MUMBAI: The Reserve Bank has prodded bankers to resolve the mounting issue of inoperative accounts and the huge amount of ...
Moneylife13h
RBI Asks Banks To Enable Seamless KYC Updation, Urgently Bring Down Number of Inoperative or Frozen Accounts
Expressing concern over the rising sums of money lying in inoperative or frozen bank accounts, the Reserve Bank of India (RBI) says its supervisory inspections have revealed a slew of problems due to ...
money.rediff1d
RBI Urges Banks to Reduce Inoperative Accounts
The RBI has directed banks to reduce inoperative accounts urgently, citing concerns about rising unclaimed deposits. Banks ...
SBI launches awareness drive on inoperative account activation
The bank also organised a one-day workshop at Gurugram for its national business correspondents to sensitize them about the ...