While some banks impose restrictions on net banking phone banking and atm transactions others may even restrict cheque.
What is difference between doormat mat and inactive in icici.
A dormant account is an account that has had no financial activity for a long period of time except for the posting of interest.
If your current savings account does not witness any transaction over a period of 12 months it gets classified as inactive account.
Difference between these two.
It varies as per the agreement between you as the client and the depository participant which could be your bank or broker.
Mount etna in sicily italy is an example of an active volcano.
Thereafter if such account continues to remain inactive for.
Difference between an active dormant and extinct volcano.
A dormant demat account precludes you from buying and selling securities unless you reactivate it.
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Note that there is a difference between an inoperative bank account and an inactive account.
If you do not do any transactions through your savings account for more than 24 months the account will be classified as dormant.
Explain the difference between inactive account and dormant account.
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This applies to both savings and current accounts.
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If you do not do any transactions through your savings account for more than 12 months the account will be classified as inactive.
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There is no fixed rule on how long a demat account can remain inactive.
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Priyanka parashar mint difference between inactive and dormant savings bank accounts 2 min read.
An account will be declared inactive by the bank if there is no transaction in the account for the duration of 1 year.
An account is not declared dormant if there is any account holder induced transaction.
After the dormancy period which varies by state dormant accounts.
Currently the demat account has to be opened with icici bank ltd as the depository participant dp and the bank account has to be opened with icici bank ltd.
A volcano is a geographic feature that often resembles a mountain though the two are not the same.