Can you deposit money in a dormant account?

Reactivating dormant accounts Dormant bank accounts can be reactivated easily. Cash or cheque deposits into your account. Withdrawal or deposit through an ATM.

Can a dormant account be closed?

Dormant bank account can be reactivated for you to start operating it or closing it.

Can I withdraw money from dormant account?

Once it becomes dormant, you can expect following additional restrictions: No withdrawal of money from an ATM or a bank branch or through phone banking. No debit card renewal.

How do I remove a dormant bank account?

Most banks, none-the-less, will have following steps:

1. Submit a written Reactivation Application. You will have to file a written application to reactive your dormant account.
2. Submit KYC documents. You will have to submit your KYC documents alongside your reactivation application.
3. Make a small deposit.

Can I withdraw cash from a dormant bank account?

Yes. Most banks don’t stop incoming cash into a dormant bank account however if you want to access the cash you would need to visit the bank and revive the account before you can access your cash.

What happens when my bank account is re-classified as dormant?

Your bank will inform you at least three months before your account is re-classified as dormant. It will also inform about the procedure for re-activating your account. If there is still no subsequent transaction from your end or through third parties, the bank may classify your account as a dormant account.

What are the restrictions on inactive/dormant accounts?

The restrictions or absence of it on inactive/dormant account totally varies from bank to bank. While some banks may impose restrictions on just ATM, net banking and phone-banking transactions, others may extend the restrictions to even cheque transactions.

How do I activate a dormant SBI bank account?

Most suitable solution is submit your kyc in branch and activate your account. Money cannot be deposited in one account which has been considered as dormant account. You have to convert the account as an active account and you have to send a letter in this connection to the branch where you are having the account.