If you don’t do any transactions with your bank account for a year, then your bank account is put in the category of inactive account.
But if there is no transaction in your account for 2 consecutive years, then the bank puts it in the category of dormant account.
You can neither withdraw nor deposit money from the dormant account. In this article, we will learn how to write an application for bank account reopen no matter if it is a dormant bank account or a closed bank account.
Types of Closed Bank Accounts And Reopenings
When the facility to perform bank transactions from your bank account is enabled, then it is in the form of an active account. It closes automatically when there is no transaction for a long time. Or it can also be closed on request from the customer for any reason.
There are different rules to reopen personal bank account or company bank account, or savings bank account in different ways. Bank accounts closed on these grounds are of the following types-
Inactive Bank Account
In the case of a bank account, if there is no transaction for 1 year or 12 consecutive months it goes to the category of inactive account. The bank informs you in this regard and sends a request for activation or to submit a reopen bank account application.
A debit card or cheque book can’t be issued from an Inactive Account. With the help of a user ID and password, you will be able to open Internet Banking, but with the help of it, you will not be able to make any kind of transaction or request.
It can be made active again during the next 1 year, that is, before the passage of 2 consecutive years, by doing a transaction. These transactions can be done at any bank branch, ATM machine, cheque, draft, internet banking, phone banking, UPI, etc.
Temporarily Closed Bank Account
If there is no transaction for two consecutive years, it is put in the category of Inoperative or Dormant Account. To get such an account activated again, you have to go to the bank branch and give a written application.
And, have to submit their KYC documents. Keep in mind that for opening an inoperative account, the bank cannot charge you.
Closed Bank Account Holder
When the activities of a bank account are put on hold on a request from the customer, it is classified as a closed account. And you need to take action to reopen your bank account.
In case of a complaint of illegal transactions on the part of the account holder, his account can be closed by the bank itself. Even in this case, you need to take action to reactivate your account.
The bank account holder can also get his account closed to end his relationship with that bank. If that were the case then there is no need to reopen your bank account.
A bank account involved in an illegal transaction can’t be revived when it is closed. So, make sure your bank account was not involved in any illegal transactions.
However, if required by law, the statement of that account (details of past transactions) can be viewed and obtained in the form of a document. And that is entirely a different issue. You have nothing to do with that.
So, you can see that there are several reasons involved that can cause the loss of your account. And you need to write down an application to reopen your bank account as per the reason for closing the bank account in the first place.
Such a bank account, in which no transaction has been done for the last 10 years, is put in the category of unclaimed deposits.
It can be re-activated after giving a written bank account reopen letter on behalf of the account holder and doing KYC (Identity and Address Verification).
How To Write Application For Bank Account Reopen?
If your account has been put in the category of Inoperative or Dormant or Closed account, then to start it, you have to write the application properly.
In some banks, along with this application, KYC documents (identity proof, address proof, etc.) have to be submitted.
How is this application written to the bank manager? Below we are informing you through a sample request for reopen bank account.
Things You Need With The Application For Bank Account Reopen?
Along with your application to reopen your personal bank account or saving bank account, carry your passbook and KYC documents (photocopies of identity and address proof documents attested by your signature).
You may have to submit these too. Thus, whenever you go for this work, take a photocopy of the passbook, identity proof, address proof, and photograph with you.
Carry the original copies along with the photocopies. Because your application will be accepted only after matching the photocopies with the original copies.
People often forget to bring the original, but you don’t make the same mistake and bring your original documents along with the application for bank account reopen.
The Printed Form To Reopen Bank Account Can Also Be Found In The Bank
Some banks keep the account renewal application in the form of a printed form and give it to the customer when needed.
If you find a pre-printed form in your bank branch, then fill it out and submit it along with your KYC documents (ID proof, address proof).
Your KYC document should consist of your photo identity proof
And your address proof.
If the printed form is not available in that bank branch, then the application for reopening of the account is to be submitted in handwriting on plain paper and photocopies of the requested documents have to be submitted.
You have completed all the processes of getting the account back on. So soon your account is restored by the bank.
If we talk about days, it takes about 1 to 2 days. If there is more work in the bank then it may take a little more time.
Q. After how many days the bank account gets closed?
A. If we do not do any kind of transaction in our bank account for 12 consecutive months, then our bank account is frozen.
Q. How To Reopen Bank Account?
A. To get your bank account back activated, you have to go to the bank branch and submit an application and KYC form and documents. And do some transactions in your bank account, after which your bank account will be reopened within 1 to 2 working days.
Q. How to know the bank account status?
A. To find out whether your bank account is active or inactive, you can find out from the customer care number of your bank. Or you can also find out by visiting your bank branch.