General knowledge refresher

General knowledge refresher

General knowledge refresher published this article page no 2 the banks are required to take specific actions regarding unclaimed deposits. these actions include displaying the list of inactive/inoperative unclaimed deposits on their websites. moreover banks must diligently seek the whereabouts of customers and their legal heirs to facilitate the return of unclaimed deposits. additionally formulating a board-approved policy on unclaimed deposit classification and implementing a grievance redressal mechanism for complaints and periodic review of unclaimed deposit accounts are essential measures to ensure transparency and accountability in the system general knowledge refresher magazine subscription.


General knowledge refresher

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