Quick Answer: How Do I Reactivate My Bank Account?

Will bank account automatically close?

According to the RBI’s norm, if a customer discontinues using his or her account for 12 consecutive months then banks will automatically make then inactive, and more than extra inactive 12 months will make it a dormant account.

So, we are here to guide you as to how you can close your inactive bank account..

Can we deposit money in inactive account?

You can simply make a deposit or withdrawal transaction to reactivate your inactive bank account. To reactivate your dormant account, submit a written request for reactivation at your home branch. … In case you wish to continue with a lesser used bank account, try to make one deposit or withdrawal every year.

What happens if a bank account is inactive?

An inactive bank account is termed inoperative. An account becomes inoperative if there are no transactions in the account for over two years. An inactive bank account is termed inoperative. … Once the account becomes inoperative, the account holder cannot transact in the account.

Can you reopen a bank account that been closed?

Short Answer: Depending on the reason why your bank account was closed, you can usually reopen it by initiating new transactions after a period of inactivity, by paying negative balances, or by contacting your bank to clear up any confusion about potentially suspicious or fraudulent activity.

Should I close an unused bank account?

Closing an account may save you money in annual fees, or reduce the risk of fraud on those accounts, but closing the wrong accounts could actually harm your credit score. … If you still decide to close some accounts to help your credit score, start by looking at inactive accounts that you no longer use.

How can I know my bank account is active or not?

Method 2: Simply call customer care of bank and ask for account status. Or visit your bank branch. You should visit your nearest bank branch with your account number and they will tell you if your account is active or not.

How long does a bank account stay open with no money in it?

3 to 5 yearsGenerally, a time frame of 3 to 5 years with no customer-initiated activity sends an account into dormancy. Activity that will help to avoid an inactive account usually includes: Depositing or withdrawing funds. Confirming an active account with the bank (may require filling out a form)

What happens if I transfer money to an inactive account?

One can activate an inactive bank account by doing basic banking activities such as cash withdrawal or deposit, funds transfer or bill payment. … Even after your account turns inactive or dormant, interest, if any, will be credited to your savings account regularly.

How long does it take to reactivate a bank account?

24 hoursOnce you complete the reactivation procedure, your bank account should typically be reactivated in 24 hours but may take as long as a week in some cases. As soon as this reactivation happens, make a small deposit to keep your account from going dormant again.

How do you check if ATM is active or not?

Call Debit Card Company Call the phone number on the back of the card and enter your card number when prompted. Your debit card company may have an automated system that will verify whether your card is activated and walk you through activation if it is not.

Will a bank account automatically close if it reaches zero balance?

Any Account with zero balance, regardless of status, may automatically be closed by the Bank without notice.

Is there any charges for closing bank account?

Generally, if an account is closed within 14 days of the opening of an account, banks don’t charge any additional charges. However, any closure of the account after 14 days but before a year might attract account closure charges. Also, closure of an account after 1 year normally does not attract closure charges.

Is it necessary to close a bank account?

If your bank account is no longer useful, best is to close the account. … The issue is that in many banks the zero-balance salary account gets automatically converted into a regular savings account in three to six months and will need the minimum average balance maintenance.

How can I check my account status?

Ways to check your balance.Giving a Missed Call. Give a missed call on a toll- free number 1800 180 2223 or A missed call to the tolled number 0120-2303090 to get back an SMS with your current balance. … On Internet Banking. … By Sending An SMS.

How do you get money from a dormant account?

You can reclaim funds from a dormant account at any time and the easiest way to do so is to contact your bank or building society account provider. You’ll usually be asked to provide as much information as possible about the account, including: The account number. The name of the account holder.