How to Reactivate a Dormant Account in Allahabad Up Gramin Bank?

ReActivate Dormant Account in Allahabad Up Gramin Bank: Generally, it is seen that the persons who maintain more than one account, they operate one account more than the rest of the account for several reasons be it an easy to operate with or the habit or the convenience. That is the cause why their rest of the accounts become non operative in a long run.

What is a Dormant Account?

Whenever there is no transaction in any account for more than a period of 24 months or 2 years, that account is categorised by the bank as a dormant account. Any savings or current account can become dormant due to prolonged non operation.

"A savings as well as current account should be treated as inoperative / dormant if there are no transactions in the account for over a period of two years" as per RBI guidelines.

Purpose of Categorisation of an Account as Dormant Account

The main purpose of categorisation of an account as Dormant Account is to ascertain safety & security of account and also to avoid the risk of fraud in any account, record keeping and periodic review of accounts. The categorisation is there only to bring to the notice of dealing bank staff, the increased risk in the account.

What Transactions Should be Initiated by the Customer to Avoid the Account being Dormant?

As per Reserve Bank of India (RBI) guidelines, in order to avoid an account become dormant, at least any one of the following transactions should be initiated by the customer within every 24 months:

  • Withdrawal of cash from ATM
  • Withdrawal of cash from bank branch
  • Deposit of cash in the account
  • Payment by cheque
  • Transfer of funds online through net banking
  • Transfer of funds through phone banking
  • Deposit of cheque in the account
  • Dividend credited to the account
  • FD interest credited to the account
  • Online Bill Payment
  • SIP transactions

What Transactions are not Considered Valid with regard to Account being Dormant?

All system generated transactions like credit of interest on your savings account by bank, penalty levied by bank, service charges initiated by bank, etc. are not considered as transactions initiated by you and hence can't avoid an account being dormant.

How to Reactivate Dormant Account in Allahabad Up Gramin Bank?

Allahabad Up Gramin Bank provides a facility to reactivate a Dormant Account from any of the following ways:

  1. Submit a request for activation of your account through Internet banking
    • You need to visit the website of Allahabad Up Gramin Bank.
    • Login to Internet Banking using User ID and password.
    • Go to service request section
    • Request for reactivating the account
  2. By Calling the Customer Care Number of Allahabad Up Gramin Bank

    You can dial Customer Care Number of Allahabad Up Gramin Bank from your registered mobile number and request for reactivating your account

  3. By Contacting your home branch of Allahabad Up Gramin Bank
    • Approach home branch of Allahabad Up Gramin Bank personally
    • Submit a written request to the bank in person to change the status of the account from 'Dormant to Active'
    • This request must be signed by all joint holders of the account, irrespective of operating mode, to reactivate an account.
    • Compliance of latest KYC documentation must be done. All the account holders need to submit their passport size colour photographs, Copies of PAN card, Proof of Address and Proof of Identity. Don't forget to carry the originals for verification purpose.
    • You also need to mention valid reason for not operating the account in the past
    • Signatures of account holders may also be verified to activate the account.
    • If bank feels then the account holders may be asked to surrender ATM card/ cheque books. In this case, the bank will issue new ATM card and cheque book. However, this may not be mandatory.
    • Allahabad Up Gramin Bank will exercise due diligence in verifying customer credentials before reactivating a dormant account.
    • You will be asked to make a transaction either by cheque or through ATM.
    • If all the formalities are complete, the account will get activated within 24 hours.

When a Bank Savings Account Becomes Dormant?

A savings account becomes dormant when there are no transactions carried out in the account for over a period of 2 years. It becomes dormant, if you have not operated your account for over 24 months.

If your account has become dormant then you need to contact your bank's home branch for re-activating your account & KYC updation so that you can enjoy all the banking service without any difficulty.

Documents Required for Reactivating Dormant Account

Following papers should be provided by the account holder to the bank for reactivating dormant account.

  • Duly filled up application for reactivating dormant account
  • KYC documents, should be self-attested
  • Proof of making atleast one financal transaction in the bank account

Consequences of Dormant Account

Account holder may face many consequences on his/her account being dormant like:

  • Cheque book will not be issued
  • Address cannot be changed
  • Cash withdrawal from an ATM or branch is not allowed
  • Add or delete a joint holder in the account
  • No transaction through internet banking or phone banking
  • No renewal of ATM/ debit card
  • You cannot issue a cheque
  • Get a user ID and password
  • Modification of signature
  • Cannot request to issue a cheque book

What Allahabad Up Gramin Bank will do in order to protect any account from being dormant?

Allahabad Up Gramin Bank makes annual review of all savings bank account and current accounts and in case there is no transaction, Allahabad Up Gramin Bank is required to inform the account holder to activate the account by making some transaction. If the account is not activated in the second year too then Allahabad Up Gramin Bank is again required to inform the customer three months in advance of the account being classified as dormant.

In case the whereabouts of the customers are not traceable, Allahabad Up Gramin Bank shall consider contacting the persons who had introduced the account holder or employer of the account holder.

It is mandatory for the banks to credit the interest on savings bank accounts on regular basis whether the account is operative or not.

Difference between Dormant Account and Inactive Account

Whenever there is no transaction in any account for over 12 months, it becomes Inactive Account but when there is transaction in any account for over 24 months, it is called Dormant Account.

How to Avoid having a Dormant Account?

  • Close all those accounts that you don't require.
  • Make at least a transaction once a year in your account like withdrawal of funds from your ATM.
  • If a customer has 2 accounts he can mandate a single debit from one account for credit to his other account.
  • Don't forget to notify your bank whenever there is any change in your personal information like address change, etc. so that you will receive any communication sent by your bank.
  • You should submit a mandate for crediting dividend on shares to Savings Bank account or auto debit SIP transaction from your bank.

Points to Note about a Dormant Account

Even if your account becomes dormant, the interest earned on your savings account will periodically be credited to your account.

RBI has asked banks not to levy any penal charges for non-maintenance of minimum balances in any dormant or inoperative account.

Banks are very cautious, if they receive a sudden request for withdrawal from a dormant account.

At the time of filing your income tax returns (ITR), you need to mention the details of all your savings and current accounts, even if they are dormant and inactive accounts.

Banks cannot charge any fees to reactivate a dormant bank account. In case your bank levies any such charge, you are free to report the same to the banking ombudsman.

Reactivate Dormant Account in other Bank Accounts

Allahabad BankAllahabad Up Gramin Bank
Andhra BankAndhra Pradesh Grameena Vikas Bank
Andhra Pragathi Grameena BankArunachal Pradesh Rural Bank
Aryavart BankAssam Gramin Vikash Bank
Au Small Finance Bank LimitedAxis Bank
Bandhan Bank LimitedBangiya Gramin Vikash Bank
Bank Of BarodaBank Of India
Bank Of MaharashtraBaroda Gujarat Gramin Bank
Baroda Rajasthan Kshetriya Gramin BankBaroda U.p. Bank
Baroda Up Gramin BankBharatiya Mahila Bank Limited
Bihar Gramin BankCanara Bank
Capital Small Finance Bank LimitedCatholic Syrian Bank Limited
Central Bank Of IndiaCentral Madhya Pradesh Gramin Bank
Chaitanya Godavari Grameena BankChhattisgarh Rajya Gramin Bank
City Union Bank LimitedCorporation Bank
Dakshin Bihar Gramin BankDcb Bank Limited
Dena BankDena Gujarat Gramin Bank
Dhanalakshmi BankEllaquai Dehati Bank
Equitas Small Finance Bank LimitedEsaf Small Finance Bank Limited
Export Import Bank Of IndiaFederal Bank
Fincare Small Finance Bank LtdGramin Bank Of Aryavart
Hdfc BankHimachal Pradesh Gramin Bank
Icici Bank LimitedIdbi Bank
Idfc First BankIndian Bank
Indian Overseas BankIndusind Bank
Jammu And Kashmir Bank LimitedJammu And Kashmir Grameen Bank
Jharkhand Gramin BankJharkhand Rajya Gramin Bank
Karnataka Bank LimitedKarnataka Gramin Bank
Karnataka Vikas Grameena BankKarur Vysya Bank
Kashi Gomti Samyut Gramin BankKaveri Grameena Bank
Kerala Gramin BankKotak Mahindra Bank Limited
Langpi Dehangi Rural BankLaxmi Vilas Bank
Madhya Bihar Gramin BankMadhya Pradesh Grameen Bank
Madhyanchal Gramin BankMaharashtra Gramin Bank
Malwa Gramin BankManipur Rural Bank
Meghalaya Rural BankMizoram Rural Bank
Nagaland Rural BankNarmada Jhabua Gramin Bank
North East Small Finance Bank LimitedOdisha Gramya Bank
Oriental Bank Of CommercePallavan Grama Bank
Pandyan Grama BankPaschim Banga Gramin Bank
Pragathi Krishna Gramin BankPrathama Bank
Prathama U.p. Gramin BankPuduvai Bharathiar Grama Bank
Punjab And Sind BankPunjab Gramin Bank
Punjab National BankPurvanchal Gramin Bank
Rajasthan Marudhara Gramin BankSaptagiri Grameena Bank
Sarva Haryana Gramin BankSarva Up Gramin Bank
Saurashtra Gramin BankSouth Indian Bank
State Bank Of Bikaner And JaipurState Bank Of Hyderabad
State Bank Of IndiaState Bank Of Mysore
State Bank Of PatialaState Bank Of Travancore
Suryoday Small Finance BankSutlej Kshetriya Gramin Bank
Syndicate BankTamil Nadu Grama Bank
Tamilnad Mercantile Bank LimitedTelangana Grameena Bank
The Nainital Bank LimitedTripura Gramin Bank
Uco BankUjjivan Small Finance Bank Limited
Union Bank Of IndiaUnited Bank Of India
Utkal Grameen BankUtkarsh Small Finance Bank
Uttar Banga Kshetriya Gramin BankUttar Bihar Gramin Bank
Uttarakhand Gramin BankVananchal Gramin Bank
Vidharbha Konkan Gramin BankVijaya Bank
Yes BankZila Sahakari Bank Ltd