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      Question

      According to the RBI's Depositor Education and Awareness

      Fund (DEAF) Scheme, credit balances in any deposit account that have not been operated upon for how many years are transferred to the Fund?
      A 5 years Correct Answer Incorrect Answer
      B 7 years Correct Answer Incorrect Answer
      C 10 years Correct Answer Incorrect Answer
      D 12 years Correct Answer Incorrect Answer
      E 15 years Correct Answer Incorrect Answer

      Solution

      Balances in bank accounts that remain inoperative or unclaimed for 10 years or more must be transferred by banks to the DEAF maintained by the RBI.

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