On the new year, the Reserve Bank of India (RBI) has implemented some new rules. Under these rules, three types of bank accounts in the central banks of the country have been closed from January 1. These three bank accounts are dormant account, inactive account and zero balance account.
Banking System: With the start of the new year, some new rules have also come into effect in the country from January 1, 2025. The Reserve Bank of India (RBI) has also implemented some new rules on the new year. Under these rules, three types of bank accounts in the central banks of the country have been closed from January 1. These three bank accounts are dormant account, inactive account and zero balance account.
For your information, let us tell you that an inactive account is an account in which no transaction has been done for 2 years. These accounts can be used for cyber crime. In such a situation, RBI has decided to close these accounts for the safety of the people. Inactive accounts are those accounts which are inactive for 1 year or more. These accounts have also been closed by RBI. Apart from this, zero balance accounts have also been closed. These accounts are those in which there is no money.
This decision has been taken by RBI to improve the banking system. The decision to close these three bank accounts by RBI has been taken to improve the banking system. With this decision of RBI, the banking system will become even more secure for the people. Along with this, cyber crime will also be reduced. Apart from this, compliance with KYC regulations will also be strengthened by this decision of RBI.
This is how closed bank accounts will be activated
If any of your bank accounts has been closed due to the new rules of RBI, then you can activate your account. You can activate the inactive account by going to the bank branch. To activate the inactive account, you will have to do a transaction along with KYC. Apart from this, for a zero balance account, you will have to deposit money in it.
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