https://www.taxtmi.com/article/detailed?id=15701 An inoperative account arises when no customer initiated transactions occur for two consecutive years, prompting banks to restrict debit services. Banks must notify customers before declaring dormancy, allow penalty free reactivation, complete reactivation after due diligence and KYC verification, and provide branch and digital reactivation options. Reactivation steps include submitting a request, updating PAN/Aadhaar/passport and address proof, identity verification (in person or video KYC), and restoration of full services, typically within two to seven working days. en-us Tue, 06 Jan 2026 20:47:36 +0530 Tue, 06 Jan 2026 20:47:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15701 An inoperative account arises when no customer initiated transactions occur for two consecutive years, prompting banks to restrict debit services. Banks must notify customers before declaring dormancy, allow penalty free reactivation, complete reactivation after due diligence and KYC verification, and provide branch and digital reactivation options. Reactivation steps include submitting a request, updating PAN/Aadhaar/passport and address proof, identity verification (in person or video KYC), and restoration of full services, typically within two to seven working days. Articles Other Topics Tue, 06 Jan 2026 20:47:36 +0530 https://www.taxtmi.com/article/detailed?id=15701