📌RBI has issued new guidelines for banks.

📌RBI has issued new guidelines for banks.

Closure of 3 types of bank accounts from 1st Jan 2026

🔹 Inactive Account –
➖If no transactions have been done for the past 12 consecutive months, the account is called inactive.
➖The banks may restrict the services like ATM usage or Cheque book issue, banks will also ask to do some transaction in the account.
➖If failed to do so, the account may also be closed by the bank after 1st January,2026.

🔹Dormant Account-
➖An account in which “no customer initiated  transaction” has been done for the past 24 months, the account is called dormant.
➖These accounts will be closed in 2026 if no action is taken from customers end.

**The remaining balance will be transferred to the Depositor Education and Awareness (DEA) Fund maintained by the RBI.

🔹Zero Balance Account-
➖Accounts opened under Financial inclusion schemes with no “activity or balance” are called zero balance accounts.
➖These accounts will be closed if no withdrawal or addition has been done by the customers.
➖Banks may remove these accounts from their systems.

Financial Inclusion Schemes: Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Mudra Yojana, etc.

🎯RBI intents to –
•Reduce fraud and prevent customers
•Solving the issue to Unclaimed dividend, so that it reaches the right account.
•Preventing long unused banks from being misused.

✨Preventive measures: as a customer
•Make at least one transaction – a small upi transaction will also count
•Update your KYC in the bank
•Make sure the mail id and mobile numbers are correct in bank
•Don’t ignore any bank messages

✅ Remember not to give any bank otp on mobile phone, bank will never ask for it.

✅✅ Unclaimed dividend has been increased to ₹5700 crores, the government and the RBI wants the customers to take their unclaimed amount so that it gets to the rightful owner.