Can I receive money if my account is dormant?

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.

How can I reactivate my Standard Chartered bank account?

How to Reactivate Dormant Account in Standard Chartered Bank?

1. Submit a request for activation of your account through Internet banking. You need to visit the website of Standard Chartered Bank.
2. By Calling the Customer Care Number of Standard Chartered Bank.
3. By Contacting your home branch of Standard Chartered Bank.

What happens if you don’t use your bank account for a long time in India?

If you haven’t used your savings or current account for any transactions for over 1 year, the account becomes inactive. If the account has been inactive for 2 years, it becomes dormant or inoperative.

How do I claim money from dormant account?

After seven years of being dormant, the money lying in such accounts is transferred to the Senior Citizen Welfare Fund by EPFO. EPF members or their nominees can claim this amount from the Senior Citizen Welfare Fund within 25 years by furnishing the required proofs and documents.

How do I recover money from dormant account?

To recover this fund, you need to contact your bank branch and fill out the requisite forms and provide your KYC documents. Your bank will contact the RBI to recover the funds. You can also revive your inoperative account by completing your KYC. As a habit, ensure that you operate your account regularly.

How do I reopen a closed standard bank account?

Request to open a new account

1. Sign in to Online Banking using your sign in credentials.
2. From the home screen, click on menu button at the top left side of the screen.
3. Click on the ‘Help & Services’ option.
4. Select ‘Manage your accounts’, and then ‘Open an account’
5. Choose the type of account you want to open.