Accountancy, asked by ohanapr4iy3aman, 1 year ago

Period of Savings Account Treated as Inactive
Savings accounts are treated as 'inactive' if there are no transactions for over? a) 1 year b) 2 years c) 3 years d) 4 years

Answers

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