Review Note

Last Update: 11/15/2024 12:42 PM

Current Deck: Promotion Exam 0125 (AnkiCollab)::system procedures

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Question

The amounts credited to the Depositor Education and Awareness (DEAF) Fund are the credit balances in any deposit account maintained with banks (Commercial Banks, Cooperative Banks), which have not been operated upon for ___ years or more by the depositor.

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Points To Remember :-

Section 26 A :DEAF fund estd under section 26 A BR act
Any deposit or amount remaining unclaimed for more than ten years must be credited to the Depositor Education and Awareness Fund (DEAF) within a period of three months from the expiry of the said period of ten years.
At 25th of every month at EOD automation of DEAF functionality will run

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