Can I read Unclaimed Deposits and Inoperative Accounts on EtoBox?

Unclaimed Deposits and Inoperative Accounts by Rajesh Ramachandran is a document available to read on EtoBox.

What is Unclaimed Deposits and Inoperative Accounts about?

The document provides instructions from the Reserve Bank of India to commercial banks regarding the treatment of unclaimed and inoperative bank accounts. It directs banks to (1) annually review accounts with no transactions for over a year to contact customers, (2) investigate further if contact letters are returned undelivered by searching bank records and other available information, and (3) classify savings and current accounts as inoperative if no transactions for over two years.

Author

Rajesh Ramachandran

Language

EN