RBI Proposes Simplified Guidelines to Reactivate Inoperative Accounts and Access Unclaimed Deposits

The Reserve Bank of India (RBI) has proposed a set of simplified guidelines to facilitate the reactivation of inoperative accounts and help customers access unclaimed deposits. The draft framework emphasizes customer convenience and minimal documentation while maintaining safeguards against misuse. The initiative is part of the RBI’s broader financial inclusion drive and aims to bring dormant funds back into circulation. Financial institutions are expected to implement digital and branch-level mechanisms to reach affected account holders. Feedback has been invited from stakeholders before final guidelines are issued.