It has become easier to withdraw money stuck in the old bank account. If there is no transaction in an account for two years or more, then it becomes inactive or dormant, but customers or their legal heirs can ever claim this money.
The Reserve Bank of India (RBI) is running an outreach program across the country to make this process more transparent, in which special camps for uncured assets will be organized in every district from October to December 2025. If someone’s account is inactive for a long time, the balance deposited in it has to be transferred to RBI’s Depositor Education and Awareness (DEA) fund. Despite this, the original account holder or his legal heir whether the money has gone to the Dea Fund can make its claim at any time.
The process of withdrawing money is very simple. The account holder will have to go to any bank branch, even if it is not their original branch. A form will have to be filled there and submit your KYC documents (eg Aadhaar, Passport, Voter ID or Driving License). The bank will examine the documents and after the investigation is completed, the entire money will be returned with interest.
According to these RBI rules, the bank cannot take any penalty or charge to activate a passive account from the account holder or withdraw the stuck money. In such a situation, the customers should be relaxed, the capital deposited in their account and the interest on it, both the right to get back is reserved.
Under the new rules, banks provide information about their account status and uncured deposits to the customer on the website and branches. Therefore, if money is stuck in an old bank account, then go to the bank without hesitation, complete the process by taking necessary documents and re -earning your hard earned money.