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      Question

      What constitutes an unclaimed deposit according to the

      revised RBI guidelines?
      A Any account with less than Rs. 100 balances Correct Answer Incorrect Answer
      B Balances in savings/current accounts not operated for 10 years or term deposits not claimed within 10 years of maturity Correct Answer Incorrect Answer
      C Dormant accounts with no deposits or withdrawals for 5 years Correct Answer Incorrect Answer
      D Fixed deposits not renewed for 1 year Correct Answer Incorrect Answer
      E Accounts with incorrect KYC information Correct Answer Incorrect Answer

      Solution

      Unclaimed deposits are defined as savings/current accounts not operated for 10 years and term deposits not claimed within 10 years of maturity.

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