Inoperative / dormant is very important word for NRE account holders as
they usually open so many accounts and leave their funds but at the time of
withdrawal of funds they came across with the said words
However, even after your account turns inoperative, interest is still credited to your saving account regularly.
How to reactivate an account
To nip this problem in the bud, keep using your account before it turns inactive or dormant. Carry out a transaction once in a while in all your accounts if you want to escape bearing the penalty or having to run to the branch to reactivate the account. At least once a year, carry out a transaction: withdraw cash, transfer funds through any of the banking channels, or make a Cheque payment to ensure that your account remains active.
Why account
becomes Inoperative
However, even after your account turns inoperative, interest is still credited to your saving account regularly.
How to reactivate an account
To reactivate an inactive account you need to conduct a transaction by Cheque
or ATM. In case you have other active accounts, you could send the bank a
secure message from your Personal Internet Banking ID instructing it to debit
Re 1 from this account to another.
To reactivate a dormant account, submit a formal application to the
bank stating the reason for your absence, and provide a photo identity proof.
Your signature will be verified by the authorized bank personnel. The bank may
even charge you a small fee for reactivating your account. To nip this problem in the bud, keep using your account before it turns inactive or dormant. Carry out a transaction once in a while in all your accounts if you want to escape bearing the penalty or having to run to the branch to reactivate the account. At least once a year, carry out a transaction: withdraw cash, transfer funds through any of the banking channels, or make a Cheque payment to ensure that your account remains active.
Important: if you have not used your accounts in last 6-8 months then
before issuing any Cheque, contact your Branch to know the status of the
account as it may happen that your Cheque may be returned due to Inoperative /
Dormant Status of the account
For other details / queries, drop a mail at prashant.singh@sbi.co.in
How To Reactivate Inoperative/ Dormant Bank Account Of SBI without visiting home branch
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Dormant or inoperative bank account is a potential big problem for those who has more than one account. Do you also have more than one account. Do you also forget your student SBI account. Do you also not operate your salary account of earlier job. Then check with the bank, your account may have become dormant. You need to reactivate it as soon as possible because someday it can trouble you. In this article I will tell you-
· How a Bank Account becomes Dormant?
· What Problem can You face because of dormant bank account?
· What should you do after your bank account becomes dormant?
· How to activate bank account without visiting home branch if you are in different states?
Ø How Bank Account Becomes Dormant?
The only reason for becoming an account dormant is the inactivity.
If you don’t transact for two years in your account, then it becomes dormant.
Only saving and current account becomes dormant.
Interest addition and charges deduction meantime, your account may be dormant.
Ø What Problem Can You Face Because Of Dormant Account?
You may think problem, then only you will know how much it can irritate you. Read these instances.
Situation One
One day you realize that you don’t have the culprit is your dormant account.
Situation Two
Take another instance. One of your old surprise, you did not get the SMS. After verification it becomes clear that he has transferred in your old account. Now your problem starts because it must have become dormant. You would not be able to withdraw your amount immediately.
Not being able to get our money on need is the most troubling situation and dormant banks account leads us to that. If you have not faced such to you also. So it is better to take precautions.