Inactive bank accounts rise to Rs 188 billion

Inactive accounts across 54 banks and financial institutions now hold Rs 188.35 billion, a figure that continues to rise. As per NRB rules, savings accounts without transactions for three years and current/call accounts inactive for one year must be classified as dormant. Pressure on staff to meet account-opening targets has contributed to the surge. With about 60 million such accounts—more than double Nepal’s population—NRB is preparing a plan to mitigate risks related to dormant accounts.