Section 26 of the Banking Regulation Act, 1949 requires every banking company to submit a return to the Reserve Bank, within thirty days after the close of each calendar year, in respect of all accounts in India which have not been operated upon for a period of:

Section 26 requires every banking company to submit, within thirty days after the close of each calendar year, a return to the Reserve Bank as at the end of such calendar year of all accounts in India which have not been operated upon for ten years. The proviso clarifies that for money deposited for a fixed period, the ten-year term is reckoned from the date of expiry of that fixed period. This dovetails with Section 26A, under which amounts unclaimed for more than ten years are credited to the Depositor Education and Awareness Fund, while preserving the depositor’s right to later claim the amount with interest as specified by the RBI.