Accountancy, asked by c6ardatsuswee, 1 year ago

Period of Savings Account Treated as Dormant
Savings accounts are treated as 'dormant' if there are no transactions for over? a) 2 years b) 3 years c) 4 years d) 5 years

Answers

Answered by MVB
0
In terms of RBI guidelines  "A savings as well as current account should be treated as inoperative / dormant if there are no transactions in the account for over a period of two years". 
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