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Question

What is the duration of inactivity after which unclaimed deposits are transferred to the RBI's DEAF?
  • 3 Year
  • 5 Years
  • 8 Years
  • 10 Years
Answer- D
Under the RBI's regulations, if a bank account remains inactive for 10 years, the funds can be transferred to DEAF.

An account is classified as dormant or inoperative if no transaction, apart from interest credit or maintenance fee charge, has occurred in a span of two years.