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      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

      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.

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