Rules, tax & how-to
Inoperative & Dormant Savings Accounts
When a savings account becomes inoperative, how to reactivate it free of charge, and how to find unclaimed deposits on UDGAM.
Updated 29 September 2026 · 26 banks trackedBest effective rate on ₹10 lakh
5.65%
IDFC FIRST BankWhat you need to know
A savings account with no customer-induced transaction for two years is classified as inoperative. Money in accounts not operated for 10 years is transferred to the RBI’s Depositor Education and Awareness (DEA) Fund — but you can always claim it back with interest.
Key rules
| Rule | Details |
|---|---|
| Inoperative | No customer-initiated transaction for 2 years |
| Charges | Banks cannot levy charges for non-maintenance of minimum balance on inoperative accounts |
| Interest | Continues to be credited |
| Reactivation | Free, at any branch or via video KYC, with updated KYC |
| Unclaimed (10 years) | Transferred to RBI DEA Fund; claim from the bank anytime |
| Search | RBI UDGAM portal lists unclaimed deposits across banks |
Frequently asked questions
Will I lose money in a dormant account?
No. The money remains yours and can be claimed with interest.
For information and comparison only. Confirm rates, charges and rules with your bank.