RBI Circular Draft Dated 23/05/2025

Draft circular on Inoperative Accounts/ Unclaimed Deposits in Banks: It provides that a bank shall make available the facility of updation of KYC for activation of inoperative accounts/ unclaimed deposits at all branches (including non-home branches) and through Video-Customer Identification Process (V-CIP) if requested by a account holder, subject to the facility of V-CIP being provided by the bank. The comments/ feedback from stakeholders are invited. 

(Link: RBI Press Release Dated 23/05/2025Draft Circular)

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