Directives issued by RBI on Inoperative Accounts
02
Jan
Directives issued by RBI on Inoperative Accounts Subject :Economy Section: Monetary Policy Annual Review of Dormant Accounts: Central Bank instructed to conduct an annual review of accounts with no customer-induced transactions for over a year. Term deposit accounts without explicit renewal mandates, where funds remain unwithdrawn after maturity, are also subject to review. […]