Question

    In how many years does an amount kept dormant in a

    savings account go to the Depositors Education and Awareness Fund?
    A 5 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 10 years Correct Answer Incorrect Answer
    D 12 years Correct Answer Incorrect Answer
    E 15 years Correct Answer Incorrect Answer

    Solution

      Any amount kept dormant in a savings account for 10 years is transferred to the Depositors Education and Awareness Fund, as per Indian banking regulations.

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