Bank Account Closed: The Reserve Bank of India has decided to close three types of bank accounts on the first day of the year. This is being done for the safety of the accounts.
Bank Account Closed: On the first day of the year 2025 i.e. from tomorrow, the Reserve Bank of India (RBI) has announced some changes in the banking system, which can affect crores of people. This new rule of the Reserve Bank is going to be applicable on bank accounts. As per the instructions of RBI, three types of accounts will be closed from the first day of the year. In such a situation, you should also check quickly whether your bank account is also included in them.
RBI took a big decision because of this
RBI has taken this decision to prevent cases of fraud, promote transparency and digitalization in the banking sector and reduce the risk of cyber fraud. Let us tell you that RBI has decided to close such bank accounts in which there has been no activity of any kind for the last 12 months. That is, accounts which have been closed for the last 12 months or more.
Inactive accounts
Bank accounts in which there has been no transaction for the last 12 months or more will be put in the inactive category. If an account holder has not done any kind of transaction in his account for a year or more, then in this situation it will be closed by putting it in the inactive category. If you want, you can get it activated later by contacting your bank. This decision has been taken to protect the account from fraud.
Zero balance accounts
Accounts which have zero balance for a long time will also be closed from January 1. This step is being taken so that they can be protected from any misuse. Along with this, the purpose of this step is also to encourage customers to use their accounts again and again. If your account also has zero balance for a long time, then immediately go to the nearest branch of your bank and get KYC done.
Dormat Account
This is an account in which there has been no transaction for two years or more. These accounts are targeted by cyber criminals and are hacked, which are later used to defraud people.
