How to reactivate dormant Bank Account ?
How the account becomes dormant ? If no transaction in the savings/current account for over one year, it becomes Inactive. If such account continues to remain inactive for another 12 months, it is considered as Dormant Account. Done for safety & security of account and also to avoid the risk of fraud, record keeping and periodic review of accounts. How to Reactivate Dormant Account ? Customers are required to submit an application to activate the dormant account while visiting the branch. Application should contain reason of not transacting. In case of joint account, all the account holders will have to sign application. Submission of KYC documents. Few transactions to avoid the account being Dormant Withdrawal of cash from ATM/bank branch Deposit of cash in the account Payment by cheque. Transfer of funds online through net banking, phone Banking etc. Deposit of cheque in the account. FD interest credited to the account. Online Bill Payment. SIP transactions. Some Consequences of Dormant Account Non Issuance of Cheque Book and Cheques. No transaction through internet banking or phone banking. No renewal of ATM/ debit card. No Modification in Address, Signature etc. Non Functionality of ATM Services. Few Other Points There are no charges for reactivating your dormant bank account. Banks will inform three months before the account is classified as dormant. Different Banks will have different dormant account reactivation procedures.