5 Responses to If I Do Not Operate My Savings Account For More Then 4 Years No Transaction Then What Will Happen?

  1. CaptAnil says:
    September 10, 2009 at 1:21 am

    Well account becomes dormant .
    But it is your money , give an application and can withdraw.
    If you make a scene in bank may be they will pay the same day :-)

  2. Anonymous says:
    September 10, 2009 at 3:53 am

    if u are operating the account, it is known as active account., if u dont operate an account for along period it is know as dormant account. and after 5 years it is a dead account

  3. smarty_o says:
    September 10, 2009 at 4:09 am

    Your account will be treated as dormant account.
    if you want to withdraw from this account, the procedure is different in as much as the withdrawal will have to be permitted/authenticated by an designated official of the bank, who may satisfy himself that you are the real holder of the account.
    this safeguard is put in place by the banking system since in the past many fraudulent withdrawals from dormant accounts had taken place, normally by the bank/branch staff.

  4. explorem says:
    September 10, 2009 at 6:57 am

    account becomes inactive/dormant and u have to give a written application or a oral consent if u want to activate the account again

  5. Anonymous says:
    September 10, 2009 at 10:03 am

    just try n check wat happens…dats d best way to know…….am seriously serious