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    Question

    What is the classification for balances in

    savings/current accounts not operated for 10 years, or term deposits not claimed within 10 years from the maturity date?
    A Inoperative Accounts Correct Answer Incorrect Answer
    B Dormant Accounts Correct Answer Incorrect Answer
    C Unclaimed Deposits Correct Answer Incorrect Answer
    D Inactive Accounts Correct Answer Incorrect Answer
    E Closed Accounts Correct Answer Incorrect Answer

    Solution

    Such balances are classified as Unclaimed Deposits.

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