Question
According to the RBI's revised instructions on Unclaimed
Deposits, what is the time limit after which the amount must be transferred to the Depositor Education and Awareness (DEA) Fund if the account remains inactive?Solution
The circular on "Inoperative Accounts/Unclaimed Deposits in Banks" states that amounts lying inactive in accounts for 10 years or more must be transferred to the DEA Fund.
Consider the following statements about the Smart Cities Mission:
The mission is entirely funded by the central government.
Each smart cit...
What is the maximum repayment period for public deposits under the new HFC guidelines effective January 2025?
Find the part of the given sentence that has an error in it. If there is no error, choose ‘No error’.
No doubt, human minds are good...
Who has recently taken over the additional charge of Director General of the Border Security Force (BSF)?
Which Indian actor received a lifetime achievement award at the Locarno Film Festival 2024?
Who chaired the pilot launch of UPI in April 2016?
What is the primary goal of the NITI GearShift Challenge?
Which university has recently aligned with the Bureau of Indian Standards to develop India’s first 'Standardized Agriculture Demonstration Farm'?
Which feature introduced by NPCI allows the delegation of payment responsibilities on UPI?
Which country was elected to chair the UN Commission on the Status of Women (CSW) despite criticisms of its women's rights record?
