Stop Banking Fraud
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BANKING FRAUD IN THE NAME OF DORMANT/ INOPERATIVE ACCOUNTS
It is seen that many times Indian and NRI BANK customers are not able to operate their accounts for more than TWO years. Banks are classifying such accounts as DORMANT and asking their customers to come to the bank and sign all sorts of papers. Such action on the part of banks is NOT authorized by RBI. Practically, many customers are not able to visit the bank especially those very busy, sick, old or abroad. In effect the bank is denying access to money to their customers and continues undeservedly enjoying the customers' money. They are illegally sort of owning the customers' money.
Please see Para 2 of RBI CIRCULAR dt 22.08. 2008
Please info your friends , relatives and well wishers. RBI( Reserve Bank of India) SHOULD INITIATE ACTION on this.
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