diff --git a/rest_framework_simplejwt/serializers.py b/rest_framework_simplejwt/serializers.py
index 3dc318687..51138f8bf 100644
--- a/rest_framework_simplejwt/serializers.py
+++ b/rest_framework_simplejwt/serializers.py
@@ -5,7 +5,7 @@
 from django.contrib.auth.models import AbstractBaseUser, update_last_login
 from django.utils.translation import gettext_lazy as _
 from rest_framework import exceptions, serializers
-from rest_framework.exceptions import ValidationError
+from rest_framework.exceptions import AuthenticationFailed, ValidationError
 
 from .models import TokenUser
 from .settings import api_settings
@@ -104,9 +104,25 @@ class TokenRefreshSerializer(serializers.Serializer):
     access = serializers.CharField(read_only=True)
     token_class = RefreshToken
 
+    default_error_messages = {
+        "no_active_account": _("No active account found for the given token.")
+    }
+
     def validate(self, attrs: Dict[str, Any]) -> Dict[str, str]:
         refresh = self.token_class(attrs["refresh"])
 
+        user_id = refresh.payload.get(api_settings.USER_ID_CLAIM, None)
+        if user_id and (
+            user := get_user_model().objects.get(
+                **{api_settings.USER_ID_FIELD: user_id}
+            )
+        ):
+            if not api_settings.USER_AUTHENTICATION_RULE(user):
+                raise AuthenticationFailed(
+                    self.error_messages["no_active_account"],
+                    "no_active_account",
+                )
+
         data = {"access": str(refresh.access_token)}
 
         if api_settings.ROTATE_REFRESH_TOKENS:
diff --git a/tests/test_serializers.py b/tests/test_serializers.py
index 322d1cd9d..6ec6a8083 100644
--- a/tests/test_serializers.py
+++ b/tests/test_serializers.py
@@ -4,6 +4,7 @@
 
 from django.conf import settings
 from django.contrib.auth import get_user_model
+from django.core import exceptions as django_exceptions
 from django.test import TestCase
 from rest_framework import exceptions as drf_exceptions
 
@@ -247,6 +248,54 @@ def test_it_should_update_token_exp_claim_if_everything_ok(self):
 
 
 class TestTokenRefreshSerializer(TestCase):
+    def setUp(self):
+        self.username = "test_user"
+        self.password = "test_password"
+
+        self.user = User.objects.create_user(
+            username=self.username,
+            password=self.password,
+        )
+
+    def test_it_should_raise_error_for_deleted_users(self):
+        refresh = RefreshToken.for_user(self.user)
+        self.user.delete()
+
+        s = TokenRefreshSerializer(data={"refresh": str(refresh)})
+
+        with self.assertRaises(django_exceptions.ObjectDoesNotExist) as e:
+            s.is_valid()
+
+        self.assertIn("does not exist", str(e.exception))
+
+    def test_it_should_raise_error_for_inactive_users(self):
+        refresh = RefreshToken.for_user(self.user)
+        self.user.is_active = False
+        self.user.save()
+
+        s = TokenRefreshSerializer(data={"refresh": str(refresh)})
+
+        with self.assertRaises(drf_exceptions.AuthenticationFailed) as e:
+            s.is_valid()
+
+        self.assertIn("No active account", e.exception.args[0])
+
+    def test_it_should_return_access_token_for_active_users(self):
+        refresh = RefreshToken.for_user(self.user)
+
+        s = TokenRefreshSerializer(data={"refresh": str(refresh)})
+
+        now = aware_utcnow() - api_settings.ACCESS_TOKEN_LIFETIME / 2
+        with patch("rest_framework_simplejwt.tokens.aware_utcnow") as fake_aware_utcnow:
+            fake_aware_utcnow.return_value = now
+            s.is_valid()
+
+        access = AccessToken(s.validated_data["access"])
+
+        self.assertEqual(
+            access["exp"], datetime_to_epoch(now + api_settings.ACCESS_TOKEN_LIFETIME)
+        )
+
     def test_it_should_raise_token_error_if_token_invalid(self):
         token = RefreshToken()
         del token["exp"]