These bank accounts won’t be functional from January 1 following RBI directive; check details
From January 1, 2025, some of the bank accounts will be closed as per the Reserve Bank of India’s (RBI) new guidelines. As per the central bank’s directives, three specific types of bank accounts will be closed to enhance security, reduce fraud, and improve the overall efficiency of banking operations. Dormant accounts: Inactive accounts, defined … Read more
