Directing commercial banks to work towards bringing down the number of inoperative, frozen or dormant accounts urgently, the ...

Directing commercial banks to work towards bringing down the number of inoperative, frozen or dormant accounts urgently, the ...

The Employees Provident Fund Organization (EPFO) recently released the data on EPFO's inoperative accounts. According to this ...

A bank account is classified as inoperative when there are no customer-initiated transactions for over two years ...

The State Bank of India has asked the Reserve Bank to include non-financial transactions like balance checking to keep ...

The RBI has recommended that banks explore ways to enable seamless KYC updates through mobile or internet banking, non-home ...

MUMBAI: The Reserve Bank has prodded bankers to resolve the mounting issue of inoperative accounts and the huge amount of ...

RBI analysis says number of "inoperative accounts or unclaimed deposits" in several banks was on higher side as compared to ...

RBI instructs banks to reduce inoperative accounts, streamline KYC process, and facilitate Aadhaar updation for customers.

This includes enabling seamless Know Your Customer (KYC) updates through mobile or internet banking, non-home branches, video ...

Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of ...