Explain the difference between inactive account and dormant
account?
- 13 Answers
- 59210 Views
- ICICI, I also Faced
- E-Mail Answers
Answer Posted / shashikant panpalia
If account is not operated since 6 months, it treated as
dormant account. If not operated more than one year, it
treated as inoperative. In these type of accounts, credits
will be allowed but debits not allowed till receipt of
written request from the
account holder/s.
| Is This Answer Correct ? | 16 Yes | 8 No |
Post New Answer View All Answers
What are the objectives of accounting
What is Insider Trading ?
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
What is the Branch Accountant Responsbilities ?
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
Debit Note & Credit Note?
What do mean by Computerization of accounts
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
what is accounting in automobile
what is the cost and financial accounting? what is double entry system ?
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
Which Invoice issued on Central Sale Commercial or Retail?
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
