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      Question

      A money in bank account is treated as Unclaimed money

      deposit after ___ years? 
      A 5 Years Correct Answer Incorrect Answer
      B 6 Years Correct Answer Incorrect Answer
      C 8 Years Correct Answer Incorrect Answer
      D 10 years Correct Answer Incorrect Answer
      E 12 years Correct Answer Incorrect Answer

      Solution

      Balances in savings / current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as “Unclaimed Deposits”.

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