RBI Directs Banks To Activate Frozen Accounts With Special Campaigns

To achieve this, the RBI has advised banks to organize special campaigns focused on activating inoperative or frozen accounts.

The Reserve Bank of India (RBI) has directed banks to take immediate steps to reduce the number of inoperative or frozen accounts and to make the activation process smoother and more hassle-free.

To achieve this, the RBI has advised banks to organize special campaigns focused on activating inoperative or frozen accounts.

Additionally, banks have been encouraged to facilitate Aadhaar updates for customers at branches that provide Aadhaar-related services. This initiative aims to assist account holders, particularly those from underprivileged sections of society, in reactivating their accounts with ease.