Bank Account Tips: If you do not do this work related to your bank account, the account will be closed...

At present, almost everyone has more than one bank account. Many people are using them regularly, while some account holders even forget how many bank accounts they have. Do you know that if you do not make transactions from your bank account for a long time, you may have to face difficulties?

If this work is not done then the bank account will be closed.
If you have an account in any bank and for some reason, you are not doing transactions for more than two years, then your account is simply deactivated by the bank. After the account is deactivated, you will not be able to do any kind of transaction from your bank account. If any amount is deposited in the inactive account, it will remain as it is and with time the bank will continue to pay regular interest on it.

How to regularize inactive accounts?
Any inactive account can be easily converted into a regular account. For this, you will have to go to the bank and get KY done and for this important documents like PAN, and Aadhaar will be required. If you have a joint account then both the account holders will have to submit KYC documents.

How much is the charge?
There is no charge of any kind for regularizing a dormant account. According to RBI rules, even if you do not maintain the minimum balance in an inactive account, no penalty can be imposed on you by the bank.

What is the solution?
If you want all your bank accounts to remain active, then you will have to withdraw money from at least one account in 2 years, otherwise it will be closed. Almost every bank has these rules. In such a situation, if you feel that you are comfortable with a bank account, then continue it, otherwise, you can go to the bank and get it closed yourself.

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