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What is silent account and how to revive it?

April 26, 2017account Revive Silent

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What is silent account and how to revive it?

1 Answer

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When there is no transaction in an SB account continuously for 3 financial years, the account will be treated as silent account. For revival, one application from the customer is required. LSG/HSG offices can revive the accounts independently. Remaining offices, HO will revive the accounts. If the balance in the silent account is less than minimum, then INR. 20/- will be debited towards service charges.