RBI Proposes Simplified Guidelines to Reactivate Inoperative Accounts and Access Unclaimed Deposits [Read Notification]

RBI issues draft circular proposing easier KYC and multi-channel access to reactivate inoperative bank accounts and claim unclaimed deposits.

By Kavi Priya - On May 28, 2025 5:31 pm - 2 mins read

RBI inoperative accounts - Unclaimed bank deposits - RBI new guidelines - Taxscan

The Reserve Bank of India (RBI) has issued Notification No. 2025-2026/403 dated May 23, 2025, announcing a draft circular that proposes revised and simplified instructions for handling inoperative bank accounts and unclaimed deposits. The draft, titled “Inoperative Accounts / Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025”, aims to amend the earlier guidelines issued…

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