Using multiple bank accounts can be a good way to separate funds for different financial goals. However, if you forget about one of those accounts it could end up falling dormant. A dormant bank ...
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Dormant Account: How to activate a dormant account? Do you have to pay any charge for this?
Many of us have more than one bank account. One for salary, one for savings, and an old student account that is just lying around. Often, we forget to use these old accounts. Then one day, when we ...
Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Basic financial literacy advises against letting multiple ...
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Dormant Bank Accounts: What Happens If Your Account Remains Inactive for 2 Years, and Is Your Money Safe?
Many people today maintain multiple bank accounts, but often some of them remain unused for years. According to Reserve Bank of India (RBI) guidelines, if there is no transaction in your account for a ...
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