Private sector employees are suffering the most currently as the Covid-19 pandemic has stalled economic activities, forcing many organisations to down their shutters. Job losses and lack of new opportunities have forced many people to leave their rented accommodations and go back to their respective hometowns.
In such a situation, it might also have become difficult for them to access the money locked in dormant bank account(s), if any, at the time of cash crunch.
If you have also faced a similar situation, then there is no need to worry. Here is how a dormant bank account may be made active by updating Know Your Customer (KYC) from another location.
“The pandemic and lockdown have encouraged banks to make more services available online so that