Question

According to the RBI's revised instructions on

Q: Answer-According to the RBI's revised instructions on Unclaimed Deposits, what is the time limit after whic...

The circular on Inoperative AccountsUnclaimed Deposits in Banks states that amounts lying inactive in accounts for 10 years or more must be transferred to the DEA Fund.

Unclaimed Deposits, what is the time limit after which the amount must be transferred to the Depositor Education and Awareness (DEA) Fund if the account remains inactive?

A 5 years

B 7 years

C 10 years

D 15 years

E 20 years

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According to the RBI's revised instructions on

Solution