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Inactive bank account
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What is Inoperative account
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Step1: Visit the branch and submit written application with your signature a sper operating instructions in the account
Step2: Submit self-attested proof of identity and address
Step3: Initiate any transaction and your account will be activated once again
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How to activate account
You must submit a written application to the bank. For joint accounts, signatures of all accountholders will be needed, irrespective of a single or joint operating mode.
You will have to submit your KYC (Know Your Customer) documents. These will include address proof, PAN Card, and identity documents.
You have to do at least one financial transaction.
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What happens when account is dormant?
According to the IDFC First Bank, "When an account is flagged as "Dormant", all customer induced debit and credit transactions will be blocked. Transactions included will be both financial (cash deposit/withdrawal, Fund transfer, IMPS, RTGS, NEFT, or any transactional mode such as UPI) as well as non-financial (cheque book requests, debit card request)."
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Interest rate on inoperative account
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Charges
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