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    Question

    What constitutes an unclaimed deposit according to the

    revised RBI guidelines?
    A Any account with less than Rs. 100 balance Correct Answer Incorrect Answer
    B Balances in savings/current accounts not operated for 10 years or term deposits not claimed within 10 years of maturity Correct Answer Incorrect Answer
    C Dormant accounts with no deposits or withdrawals for 5 years Correct Answer Incorrect Answer
    D Fixed deposits not renewed for 1 year Correct Answer Incorrect Answer
    E Accounts with incorrect KYC information Correct Answer Incorrect Answer

    Solution

    Unclaimed deposits are defined as savings/current accounts not operated for 10 years and term deposits not claimed within 10 years of maturity.

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