📌 Key Takeaway: Step-by-step reactivation of dormant bank accounts, RBI guidelines, unfreezing funds, updating PAN-Aadhaar KYC, and preventing unclaimed deposit transfer (DEAF).
When Does a Bank Account Become Dormant?
Under RBI guidelines, an account becomes Inactive if no customer transactions occur for 12 months, and Dormant after 24 continuous months (2 years). Outgoing debit transactions are frozen to prevent unauthorized fraud.
Step-by-Step Reactivation Procedure
- Visit home branch with original PAN and Aadhaar card.
- Submit Re-KYC / Account Activation Form with 2 passport photographs.
- Complete signature verification.
- Perform a small financial transaction (deposit/withdrawal). As per RBI guidelines, banks CANNOT charge any fee for activating dormant accounts.