DELHI Delhi:State Bank of India (SBI) on Saturday said it has launched a nationwide campaign to raise awareness about the importance of activating dormant accounts. A savings or current account is considered inactive if the customer has not made any transactions in the account for more than two years.
KYC is again required to activate these accounts. SBI said in a statement that the main message was the need for regular transactions in the account and to avoid falling into the category of inoperative accounts.
SBI Chairman C S Setty stressed the need to carry out the KYC exercise in letter and spirit again to maintain PMJDY accounts in active status and enable customers to transact seamlessly.
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