Banking · RBI Regulations and Schemes
In Indian banking, if an account remains inactive for more than 24 months, it is classified as dormant. Unclaimed deposits left untouched for 10 years or more are transferred by banks to a specific fund maintained by the RBI. Under which scheme does the RBI utilize this amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Depositor Education and Awareness Fund✓
- 2Financial Stability Fund
- 3National Financial Literacy Scheme
- 4Digital Literacy Fund
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Depositor Education and Awareness Fund
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