00:00Reserve Bank of India had issued a directive that some bank accounts will be shut down from 1st January 2025.
00:12According to the Central Bank's guidelines, three types of bank accounts will be shut down to increase security, reduce fraud and improve the banking system.
00:22Now, no kind of transaction will be made with these accounts.
00:26So, according to the guidelines of the RBI, what will be these accounts? Let's tell you in detail in this video.
00:32Dormant Accounts
00:34These are such accounts in which no transactions have been made for a long time.
00:40Dormant accounts are being shut down from 1st January 2025, in which no transactions have been made for 2 years or more.
00:49Such accounts will be considered as dormant accounts.
00:53These accounts are more likely to be targeted by hackers and fraudsters.
00:59And to shut down such accounts, the first motive of the RBI is to maintain the security of the customers and the security of the banking system.
01:08Inactive Accounts
01:10These are such accounts in which no transactions have been made for 12 months or more.
01:19If no transactions have been made during this time, the account holders should contact their bank branches and take necessary steps to activate their accounts again.
01:30The motive of this step is to reduce the burden of the work of banks, improve the banking operation and reduce the possibility of online fraud.
01:40Zero Balance Accounts
01:42These are such accounts in which no transactions have been made for a long time.
01:47The motive of the RBI is to reduce the burden of the work of banks, improve the banking operation and reduce the possibility of online fraud.
01:52And to promote continuous communication between the customers and their banks.
01:58This step also helps to strengthen the customers to follow KYC.
02:03This ensures that the customer's information is updated and accurate.
02:08Now the question arises, if you also have such accounts, what should you do?
02:13If you also have such an account, then you can go to the bank branch and activate it to revive dormant accounts.
02:21After which you can make a transaction from this bank account.
02:24At the same time, it is mandatory to make at least one transaction with KYC to activate ineffective accounts for more than 12 months.
02:34If the account is of zero balance, then it is necessary to ensure that the account does not remain on zero balance for a long time.
02:42So if you also have such accounts that follow these three parameters, then go to your bank branch and get it cleared as soon as possible.
02:52Because the guideline given by the RBI has become effective from January 1, 2025.
02:57And now the banks have started checking such accounts.
03:01So tell your opinion on this video and share the video as much as possible.
03:06So that your family and friends also know this information.
03:09And keep watching GoodReturns for such updates.
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