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If you do not do this work related to your bank account, your account will be closed, know these rules of RBI

Bank Account Rule - Today everyone has a bank account for financial transactions. Some people keep more than one bank account. Many people keep using them regularly, while some account holders forget how many bank accounts they have. But do you know that if there is no transaction in the bank account for so many days, then the account gets closed. In such a situation, the hard earned money deposited in the account can go to the government account. Let us know in detail in the news below - 

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Khabar TV (Bureau): Today's people use multiple bank accounts. It is seen that with time people stop using some bank accounts. In such a situation, the question arises that if a person is not using his bank account for a long time, then in how many days will it be closed? 

In how many days does a bank account get closed if there are no transactions?  

If you have an account in a bank and for some reason you are not doing any transaction for more than two years, then your account is simply deactivated by the bank. 

After the account is deactivated, you will not be able to do any kind of transaction from your bank account. If there is any amount deposited in the deactivated account, then it will remain as it is and with time, regular interest will be given on it by the bank.

How to regularize an inactive account? 

Any inactive account can be easily converted into a regular account. For this, you will have to go to the bank and get KYC done and for this, necessary documents like PAN, Aadhaar will be required. If you have a joint account, then both the account holders will have to submit KYC documents.

How much does it cost? 

There is no charge of any kind for regularizing an inactive account. According to RBI rules, even if you do not maintain the minimum balance in an inactive account, no penalty can be imposed on you by the bank.