RBI dormant-account rules explain reactivation and unclaimed money
In short
RBI’s rules say a bank account can become dormant or inoperative if it is unused for two years. The summary also says money left unclaimed for a decade can still be recovered by the rightful holder or beneficiary.
This matters for customers and heirs who want to get their money back. The reporting does not mention a new RBI order or a specific bank.
What the reporting says
RBI’s framework covers dormant or inoperative bank accounts and lets rightful holders or beneficiaries recover money, according to the reported summary. The source says an account unused for two years, or deposits unclaimed for a decade, can still be claimed under the RBI process. The article itself does not state a new RBI action or any specific bank case.
Why it matters
The story is about RBI’s framework for dormant or inoperative accounts and unclaimed deposits. The source says unused accounts after two years, and deposits unclaimed for ten years, are not lost and can be recovered by the rightful holder or beneficiary. No specific bank, customer case, or fresh RBI announcement is stated.