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    Question

    A money in bank account is treated as Unclaimed money

    deposit after ___ years? 
    A 5 Years Correct Answer Incorrect Answer
    B 6 Years Correct Answer Incorrect Answer
    C 8 Years Correct Answer Incorrect Answer
    D 10 years Correct Answer Incorrect Answer
    E 12 years Correct Answer Incorrect Answer

    Solution

    Balances in savings / current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as “Unclaimed Deposits”.

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