Tuesday, January 2, 2024

BANKING

A savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial transactions in the account for over a period of two years. Changing transaction limit, requesting for issue of cheque book or credit card and debit card and making a balance enquiry are non-financial transactions.

from Banking/Finance-Industry-Economic Times https://ift.tt/opZrvEk
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