03/01/2025
3 வகை வங்கி கணக்குகள் ஜனவரி 01.01.2025 இலிருந்து ரிசர்வ் மூலம் மூடப்பட வேண்டும்
3 CATEGORY BANK ACCOUNTS ARE TO BE CLOSED BY RBI FROM JANUARY 01.01.2025
Yes, that's correct! Starting January 1, 2025, the Reserve Bank of India (RBI) will implement new guidelines to close dormant, inactive, and zero balance accounts. Here's a brief overview:
Dormant Accounts: Accounts with no activity for two or more years.
Inactive Accounts: Accounts with no activity for over 12 months.
Zero Balance Accounts: Accounts that have maintained a zero balance for an extended period.
Account holders need to take action to reactivate or maintain their accounts to avoid closure. This initiative aims to improve banking security, reduce fraud, and enhance operational efficiency1.
