Bank Account Tips: How to get money back if your bank account becomes inactive? know here...

According to the guidelines of the Reserve Bank of India, your current or savings account is considered inoperative or 'not in operation' when there has been no transaction in it for two years. However, even after this your money will not be lost, so don't worry.

If your account remains inoperative for 10 years then your money goes to the Depositors Education and Awareness Fund of RBI. This fund was started by the Central Bank in 2014.

However, before sending money to the Depositors Education and Awareness Fund of the Reserve Bank of India, banks have to inform the account holder about it. However, sometimes banks are unable to reach the depositor. Still, you can get back the money spent in the fund.

To get back the money deposited in RBI's Depositors Education and Awareness Fund (DEAF), you will have to contact your bank branch. After this, you will have to fill out some forms and complete your KYC. After this, your bank will contact RBI to withdraw money from the fund.

Even if your account has become inoperative or inactive, there is no need to fear. You can reactivate it by completing the KYC rules with your bank.
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