5 Reasons to Keep Your Savings Account Active
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What’s the deal with “Inactive” Savings Accounts anyway?
We’ve all done it — opened a savings account, used it for a while, and then… crickets. Months (or years) go by, and suddenly, the account is “inactive.”
But here’s the kicker: keeping your savings account active is actually super important — and surprisingly beneficial.
Let’s break it down to understand this. An account becomes inactive when there are no customer-initiated transactions for 12 months. If it crosses 24 months without activity, it's marked “dormant.” You can still retrieve your money, but the process gets way lengthier — think branch visits, paperwork, and patience.
Note: Credit of Savings Account interest is not considered as account activity.
So here are 5 solid reasons why you should keep that savings account awake and active.
1. Savings Account Interest Rates = Free Money (Kind Of)
One of the main perks of having an active savings account is that you earn interest on your idle balance.
Think of it as your money doing yoga while you sleep. And the more you maintain a balance and stay active, the more you benefit from savings account interest rates.
DCB Bank, for example, offers attractive interest rates on its savings products, rewarding regular users for simply keeping their accounts alive.
2. Access to Smooth Banking (Anytime, Anywhere)
If you’ve got an inactive savings account, you might find:
● Net banking is restricted
● ATM withdrawals blocked
● Auto-debits and bill payments are failing
● Online transactions are not going through
Basically, the account then does not work as hard as it should. But if you keep your bank account active, it works like a charm, whether you’re booking a flight or paying for pizza.
3. You’ll Save Time (and Sanity) Later
When an account goes dormant, reactivating it isn’t just a click-and-go thing.
You’ll likely have to:
● Fill out forms
● Perhaps call customer support or visit the branch
● Visit the branch with ID proofs
● Sign declarations
Save yourself the hassle. Just keep it active with a small transaction every few months.
Even a simple transfer from your UPI, or adding ₹10 can prevent your savings account from being labelled inactive.
4. Eligibility for Better Banking Benefits
Most banks (DCB Bank included!) offer exclusive features and offers only to active customers. That means:
● Priority service
● Special discounts or offers or other interesting perks
● Loyalty benefits
Inactive customers? Not on the list.
By maintaining an active savings account, you unlock a better banking experience.
5. It’s a Great Backup Plan
Imagine your primary bank’s server crashes when you’re in an emergency. That second you open savings account you’ve kept active? Lifesaver.
Also, if you’re travelling, relocating, or shifting salaries, it’s always smart to have a backup bank account for minors (if you’re a parent), or for yourself. Keep it active — future-you will thank you.
How DCB Bank keeps your Savings Account easy and efficient?
If you have DCB Savings Account, here’s how you can keep it active effortlessly:
● Deposit even small amounts regularly
● Use your debit card for one small transaction per month
● Pay bills or set up a UPI transfer from your DCB Bank account
● Set reminders in your phone for monthly activity
DCB Bank also offers great convenience and customer support to help you manage your savings account on the go, without stress.
Bonus tips: Staying active, smartly
● Add your DCB Savings Account to a payment app
● Set up standing instructions for SIPs or EMIs
● Opt for e-statements so you track usage
● Link your DCB Savings Account to wallet apps or OTT subscriptions
All these actions count as “activity” and keep your account humming.
Keep it active, keep it useful
Let’s wrap it up with a quick summary:
● Inactivity leads to restrictions and hassles
● You miss out on savings account interest rates
● Dormant accounts = KYC documents submission to reactivate account
● Regular usage means benefits and smoother access
● Even one transaction every few months keeps things active
And you get the ease, benefits, and returns of staying on top of your money game with DCB Bank.
So don’t let your savings accounts go into sleep mode — a little activity goes a long way.
Disclaimer
Information on the website is for informational purposes only and does not constitute financial advice. Readers are advised to consult financial professionals for personalized advice before making decisions. The information on this blog is subject to change without notice and may become obsolete. DCB Bank reserves the right to modify, update, or remove content at any time. Savings Account and Fixed Deposit Interest rates are subject to change without prior notice. DCB Bank shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decision based on the contents and information mentioned in this blog. By accessing and using this blog, users agree to adhere to these terms and conditions. To read the complete disclaimer of DCB Bank, please click here
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