Deaf Bank Account: Always keep your bank account active, otherwise you will suffer huge losses! Know – in detail….Deaf Bank Account: If you have not done any transaction in your bank account for a long time, then be alert. In fact, four lakh bank accounts of Arrah district have become defunct accounts. In which an amount of approximately Rs 300 crores is lying. This much amount is stuck in these four lakh def accounts for a span of 20 years.
Actually, according to the rules, such bank accounts are in which no transaction has been done for 10 years. They are treated as def account and their funds are transferred to the Reserve Bank of India. If a consumer has not used his bank account for a long time, then the bank blocks the money in his account. Due to which you have to go through a very long process to remove it.
In fact, such cases are more common due to someone’s death or because the signature is forgotten or the photograph is not available. After which, if you do not do any transaction in your account for 10 years, then after 10 years all that money goes to RBI. After that you have to withdraw this amount by following a process.
Know what is def account
In fact, if transactions are not made in the accounts for more than 10 years, then those accounts are called Deposit Education and Awareness Fund i.e. Deaf account. The money in these deft accounts which is unclaimed for 10 years is put into the fund. If after 10 years a family member or the account holder himself makes a claim, his money is returned with interest.
In the process of def account, first of all if no transaction is done for 2 years then that account is deactivated. Whereas if some transaction is not done even for 10 years then it is put in the def account.
Recently, such a case has come to light of Rajkumar of Gola Mohalla of Arrah city. Who had opened an account in Canara Bank in the year 2000. But he does not even know his account number and about Rs 17,000 is stuck in his bank. At present he is getting troubled by frequenting the bank.
On this issue, Punjab National Bank’s Lead IDM Rajesh Chaudhary said that if someone’s money is stuck in his def account then his family members can also claim it, for this you will have to go to the bank and complete KYC. Then RBI will return all that money to you.