How To Activate SBI Inoperative Account? Check List Of Documents Required And Process

A savings account or a current account will be treated as inoperative, if there are no ‘customer induced transactions’ in the account for a period of over two years.

 

When an account become Inoperative, debit transaction will not be allowed without submission of fresh KYC documents.

Customer having Inoperative Account requires to visit any SBI branch with latest KYC documents. The KYC Documents for Individuals are acceptable as proof of identity/address)

- Passport - Voter's Identity Card - Driving Licence - Aadhaar Letter/Card - NREGA Card - Letter issued by the National Population Register containing details of name and address.

Step 1: A request should be given to the branch for activation of account.

Step 2: Branch will activate the account based on the KYC documents submitted by the customer.

Step 3: Customer will be informed through SMS / e-mails on activation of account.

Step 4: All request received by the branches for activation of account will be processed within three working days from the receipt of the complete application.

The State Bank of India (SBI) has written to the Reserve Bank of India (RBI), requesting change in rules, and consider non-financial transactions like balance checking as well for tagging an account as operative. 

CS Setty, chairman of the country’s largest lender, said, many a time, an account holder, especially for accounts where cash transfers under government programmes is the primary usage, does limited number of financial transactions. Even a non-financial transaction should be able to activate the account, Setty said. “We have taken it up with the Reserve Bank of India (RBI),” he added.

After direct benefit transfer, the money gets credited into the account, there are at best two-three debit transactions before it becomes dormant and earns the tag of being inoperative. When a customer actually does a non-financial transaction, it is a signal of he or she being “aware” of the bank account and hence there is a case for tagging it as an active account, SBI chairman has argued.