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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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