Indianmoney Facebook Indianmoney twitter Indianmoney LinkedIn Indianmoney Google Plus Indianmoney Youtube Indianmoney Instagram Indianmoney Medium
 
 
HomeEducation Education What is dormant account? What is dormant account?

For more knowledge from around the globe get Wealth Doctor App Now

Google Play
 
What is dormant account?

What is dormant account?

Tuesday, September 5, 2017, 4:21 PM
If you have a current or a savings bank account and have not done any transactions through it for more than 24-months, then it will be classified as dormant. As per RBI guidelines, an account becomes dormant if a customer doesn't initiate transactions such as withdrawal of cash at a branch or ATM, payment by cheque, transfer of funds through Internet-banking, phone-banking or ATMs.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Love Beyond Death Get It now!
 

How about our new look!

 
Great!
Mm.. Ok
Bad
 

Please select a category

Please write your feedback and suggestions