ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    What shall be credited to the Depositor Education and

    Awareness Fund as laid down under the Banking Regulation Act?
    A 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 Correct Answer Incorrect Answer
    B 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 Correct Answer Incorrect Answer
    C The amount to the credit of any account in India with a banking company which has been operated upon for a period of ten years Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer
    E Either a or c Correct Answer Incorrect Answer

    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.┬а

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question