Inoperative & unclaimed accounts: How will the RBI’s revised guidelines benefit customers?
Syllabus: GS-III Subject: Indian Economy Topic: Government Budgeting. Context: The RBI has asked banks to undertake at least an annual review in respect of accounts, where there have been no customer-induced transactions for more than a year. Synopsis: The RBI’s revised guidelines allow customers to reactivate inoperative accounts/unclaimed deposits by submitting fresh KYC documents at […]