RBI Directs Banks To Activate Frozen Accounts With Special Campaigns
Unclaimed deposits in banks saw a significant increase of 26 per cent year-on-year (Representational) Mumbai: 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…
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