Question
What shall be credited to the Depositor Education and
Awareness Fund as laid down under the Banking Regulation Act?Solution
Section 26A. Establishment of Depositor Education and Awareness Fund: (2) There shall be credited to the Fund the amount to the credit of any account in India with a banking company which has not been operated upon for a period of ten years or any deposit or any amount remaining unclaimed for more than ten years, within a period of three months from the expiry of the said period of ten years.Â
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