Q:
      
      
         
            
When an account is declared as Inoperative & Dormant Accounts?
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: A) Only after 2 years from the date of the lasttransaction         
         
Explanation: Schedule bank’s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.
       
      
      
      
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