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When does RBI classify a bank account as dormant? Here's what rules for reactivation and unclaimed money say

1 source · first seen 23:54 4 Oct · updated 23:54 4 Oct

The brief

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  • An account becomes dormant or inoperative after two years of inactivity
  • Dormant accounts can be reactivated, and unclaimed deposits are not lost

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MintWhen does RBI classify a bank account as dormant? Here's what rules for reactivation and unclaimed money say23:54