{"id":1999,"date":"2025-11-18T05:17:43","date_gmt":"2025-11-18T05:17:43","guid":{"rendered":"https:\/\/orissaeconomicjournal.in\/en\/?p=1999"},"modified":"2025-11-18T05:17:46","modified_gmt":"2025-11-18T05:17:46","slug":"rbi-new-rules-3-bank-accounts-closing","status":"publish","type":"post","link":"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/","title":{"rendered":"These 3 types of Bank Accounts will be Closed from 20 November 2025, RBI has Issued New Rules."},"content":{"rendered":"\n<p><strong>RBI\u2019s New Bank Rules 2025: What Account Holders and Professionals Should Know<\/strong><\/p>\n\n\n\n<p>The Reserve Bank of India (RBI) has introduced a new set of banking rules that will take effect from <strong>20 November 2025<\/strong>, marking one of the most significant updates in recent years. These regulations focus on strengthening security, improving transparency, and creating a more efficient system for both banks and customers. A notable highlight is the introduction of <strong>multiple nominations<\/strong>, allowing account holders to add up to <strong>four nominees<\/strong>\u2014a major shift from the earlier single-nominee provision.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Why_These_Rules_Matter\" >Why These Rules Matter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Accounts_Affected_Under_the_New_Framework\" >Accounts Affected Under the New Framework<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#1_Dormant_Accounts\" >1. Dormant Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#2_Inactive_Accounts\" >2. Inactive Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#3_Long-standing_Zero-Balance_Accounts\" >3. Long-standing Zero-Balance Accounts<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#The_New_Nomination_System\" >The New Nomination System<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Simultaneous_Nomination\" >Simultaneous Nomination<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Successive_Nomination\" >Successive Nomination<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Benefits_of_the_New_Rules\" >Benefits of the New Rules<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Enhanced_Transparency\" >Enhanced Transparency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Lower_Fraud_Risk\" >Lower Fraud Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Faster_Claim_Settlement\" >Faster Claim Settlement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Better_Customer_Awareness\" >Better Customer Awareness<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#What_Account_Holders_Should_Do_Before_November_2025\" >What Account Holders Should Do Before November 2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#Final_Thoughts\" >Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_These_Rules_Matter\"><\/span>Why These Rules Matter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The core objective behind the 2025 rules is risk reduction. Banks often face challenges managing inactive, dormant, or long-unused zero-balance accounts, which can become targets for misuse. By tightening regulations on such accounts, RBI aims to create a safer environment for customers and ensure that financial institutions maintain cleaner, more accurate records.<\/p>\n\n\n\n<p>At the same time, expanding nomination options is a customer-centric move. Having multiple nominees ensures smoother, faster access to funds for family members in the event of the account holder\u2019s death, reducing delays and preventing disputes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accounts_Affected_Under_the_New_Framework\"><\/span>Accounts Affected Under the New Framework<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Under the updated rules, <strong>three types of bank accounts may be closed or restricted<\/strong>:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Dormant_Accounts\"><\/span>1. Dormant Accounts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Accounts with no customer-initiated transactions for two years.<br>These accounts are often neglected and pose a security risk.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Inactive_Accounts\"><\/span>2. Inactive Accounts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Accounts that see no activity for 12 months.<br>Customers must perform at least one transaction to maintain active status.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Long-standing_Zero-Balance_Accounts\"><\/span>3. Long-standing Zero-Balance Accounts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Accounts opened and never used, or left unused for extended periods.<br>These will be closed to prevent misuse and reduce operational overhead.<\/p>\n\n\n\n<p>Customers who wish to keep these accounts active will need to ensure they carry out small, periodic transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_New_Nomination_System\"><\/span>The New Nomination System<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Beginning 20 November 2025, account holders can nominate <strong>up to four individuals<\/strong> across:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Savings and current accounts<\/li>\n\n\n\n<li>Fixed deposits<\/li>\n\n\n\n<li>Lockers<\/li>\n\n\n\n<li>Safe custody items<\/li>\n<\/ul>\n\n\n\n<p>Two nomination formats will be available:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simultaneous_Nomination\"><\/span><strong>Simultaneous Nomination<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All nominees receive a share as specified by the account holder.<br>Ideal for those who want equal or predefined distribution among family members.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Successive_Nomination\"><\/span><strong>Successive Nomination<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nominees receive rights one after another in a pre-decided order.<br>Useful when prioritizing access to funds for a particular family member.<\/p>\n\n\n\n<p>This flexibility significantly improves estate planning, making it easier for families to access assets without lengthy legal procedures.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_the_New_Rules\"><\/span>Benefits of the New Rules<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Enhanced_Transparency\"><\/span><strong>Enhanced Transparency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Clearer nomination structures and stricter monitoring of inactive accounts improve the overall reliability of the banking system.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lower_Fraud_Risk\"><\/span><strong>Lower Fraud Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Closing long-unused accounts reduces the chances of unauthorized access and identity misuse.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Faster_Claim_Settlement\"><\/span><strong>Faster Claim Settlement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Multiple nominees and structured formats make it easier for banks to release funds to family members without delays.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Better_Customer_Awareness\"><\/span><strong>Better Customer Awareness<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The new rules encourage individuals to stay informed about account activity, maintain updated KYC details, and manage their banking relationships responsibly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Account_Holders_Should_Do_Before_November_2025\"><\/span>What Account Holders Should Do Before November 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To prepare for the policy update, customers should:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Check account activity<\/strong> and perform a transaction if the account is inactive.<\/li>\n\n\n\n<li><strong>Add or update nominees<\/strong>, ensuring all details are clear and documented.<\/li>\n\n\n\n<li><strong>Close zero-balance accounts<\/strong> that are no longer required.<\/li>\n\n\n\n<li><strong>Update KYC and contact information<\/strong> to receive important notifications from the bank.<\/li>\n\n\n\n<li><strong>Review fixed deposits and lockers<\/strong> to confirm nomination status.<\/li>\n<\/ul>\n\n\n\n<p>These steps will help avoid disruptions and ensure compliance with the new banking standards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RBI\u2019s 2025 rules signal a proactive approach to modernizing India\u2019s banking landscape. By improving account security and offering more flexible nomination options, the new regulations benefit both customers and financial institutions. Staying aware of these changes and taking timely action will help account holders enjoy a smoother, more secure banking experience.<\/p>\n\n\n\n<p>If you\u2019d like this turned into a short explainer video script or a social-media-friendly summary, I can create that too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI\u2019s New Bank Rules 2025: What Account Holders and Professionals Should Know The Reserve Bank of India (RBI) has introduced &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"These 3 types of Bank Accounts will be Closed from 20 November 2025, RBI has Issued New Rules.\" class=\"read-more button\" href=\"https:\/\/orissaeconomicjournal.in\/en\/rbi-new-rules-3-bank-accounts-closing\/#more-1999\" aria-label=\"Read more about These 3 types of Bank Accounts will be Closed from 20 November 2025, RBI has Issued New Rules.\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140,128],"tags":[321,318,322,319,320,317,241,315,323,316],"class_list":["post-1999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-government-schemes-subsidy-updates","tag-bank-account-closure-2025","tag-bank-regulation-update","tag-banking-rules-india","tag-financial-news-india","tag-rbi-account-categories","tag-rbi-banking-update","tag-rbi-guidelines-2025","tag-rbi-new-rules","tag-rbi-notification-2025","tag-types-of-bank-accounts-closing","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/posts\/1999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/comments?post=1999"}],"version-history":[{"count":1,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/posts\/1999\/revisions"}],"predecessor-version":[{"id":2001,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/posts\/1999\/revisions\/2001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/media\/2000"}],"wp:attachment":[{"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/media?parent=1999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/categories?post=1999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/orissaeconomicjournal.in\/en\/wp-json\/wp\/v2\/tags?post=1999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}