Is your bank account classified as dormant or inoperative? Don’t worry about it
Let us first understand the meaning of a Dormant Account and an Inoperative account. Dormant Account A Savings Bank account or Current account becomes a ‘Dormant Account’ if it is not operated during the previous 12 months. Inoperative Account An SB or Current account becomes a ‘Dormant Account’ if the account has not operated during…