Bank News: This one mistake can cause your bank account to be closed, you will not be able to do any transactions..

RBI New Rules: Nowadays everyone has a bank account. Through this people keep their money safe. Nowadays it has become mandatory to have a bank account to invest in many schemes. Even after having money in the bank, a small mistake can cause huge losses (Dormant Bank Account). Sometimes the bank account also gets closed. But do you know what that mistake is? Today we know about this mistake so that people do not have to face trouble.

The Bank account can be closed.

Many times it happens that even if there is no mistake in the bank account for a long time, your bank account will be banned. It is the rule of RBI that if there is no transaction in any current account or savings account for two consecutive years, then that account will be considered as dormant or inactive account (Dormant Bank Account). Not only this, a separate ledger is also used for such accounts. Transaction means putting and withdrawing money in the account.

Which works will be affected?

Whenever an account becomes dormant or inactive due to no transactions for two years, many problems have to be faced. In such a situation, customers will neither be able to log in to the bank account nor make any payment. Neither will they be able to withdraw money nor transfer it.

Whenever an account becomes dormant or inactive, the bank blocks it. During this time, transactions like RTGS, NEFT, and UPI will also not be able to be done. In such a situation, customers will be unable to make payments even by check and debit card.

How to avoid it?

If you also want your account should be saved from becoming inactive, then for this some transaction must keep happening in your account throughout the year.

How to make it active again?

If your bank account has become inactive, then to make it active again, you will have to go to the bank and submit some important documents. You will have to go to the same branch in which you have a bank account with your identity card and other important documents.

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