When does a bank a/c go dormant? How you can reactivate it at no cost

A dormant bank account becomes inactive if there are no customer-initiated transactions for more than two years. Reactivating the account is a simplified process that involves re-submitting identification documents. Unclaimed deposits are transferred to the Depositor Education & Awareness Fund overseen by the RBI.

from Times of India https://ift.tt/3HE0Yzr