RBI Rule: After how many days of no transaction the bank account gets closed, know the rules of RBI..

Reserve Bank of India: In today's time, everyone has a bank account. The reason for having a bank account is different for everyone. Everyone is using a bank account to take advantage of different facilities. Some adopt a bank account for savings, while some for business-related transactions. Apart from this, bank accounts are also used to take advantage of other government schemes including FD, and RD. Not only this, some also take advantage of banking facilities to make online payments, but do you know that if you do not transact, then your bank account can be closed?

Yes, according to the Reserve Bank of India, transactions have to be done from the bank account. If someone does not do it, then his account can be deactivated. Let us know in how many days it is necessary to transact from the bank account.

In how many days is it necessary to transact from a bank account

If you are a bank account user, then keep in mind that you have to transact within 730 days (2 years). If it is more than 2 years and you do not do any transaction from your bank account, then your account will be deactivated.

What happens if the bank account is deactivated?

If the bank account is inactive, you cannot do any kind of transaction from your account. You cannot even use the amount deposited in the bank account. The amount will remain deposited in the bank account and regular interest will also be given on it.

How to activate the bank account?

To activate the deactivated bank account, you will have to go to your bank branch. Here you will have to follow the KYC process. For this, submit the KYC form to the bank. Also submit documents like two photographs, a PAN card, and an Aadhar card. If there is a joint bank account, then both the account holders must submit KYC documents to the bank.

RBI's new rule

According to RBI's rule, if there is no transaction from the bank account for more than 2 years, then your account is deactivated due to not being active. In such a situation, it is necessary to go to the bank and follow the KYC process (bank account KYC process). You do not have to make any payment for this. Even if there is no balance in the deactivated account, no penalty is imposed on you.

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