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 ...

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

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

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

RBI has advised banks to urgently take the necessary steps to reduce the number of inoperative or frozen accounts and make ...

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 ...

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

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

An EPF account is deemed inoperative once the member reaches the age of 58 or if no transactions have occurred within a span ...