🏦 RBI
Jan 26, 2026 • Sobiya Fatima • Legal Announcements / Legal Notices
Source:
Hyderabad Deccan Chronicle
🏦 RBI Kehta Hai: Jaankaar Baniye, Satark Rahiye!
Public Awareness on Inoperative Accounts & Unclaimed Deposits
🔍 Key Information
Inoperative Account: No customer transaction for 2 years
Unclaimed Deposit: No activity for 10 years → moved to RBI’s DEA Fund
⚠️ Important Update
From 1 Feb 2026, banks may close:
Inactive (12 months)
Dormant (24 months)
Zero-balance idle accounts
🔄 Easy Reactivation
Update KYC at any bank branch
Via Video KYC (V-CIP) or Business Correspondents
No charges for reactivating inoperative accounts
⏳ Special Scheme
Accelerated Payout Drive: Oct 2025 – 30 Sept 2026
Helps customers reclaim unclaimed money faster
🌐 Digital Help
UDGAM Portal: One platform to search unclaimed deposits across banks