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Explain the difference between inactive account and dormant
account?
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Answer Posted / amitabh das
In case of Inactive Account,the account has infrequent
deposits or withdrawals. If no activity is recorded for a
specified period say(6 months), other than crediting of
interest, it is considered a Dormant Account and is not
considered as active accounts
Whereas in case of Dormant account,a savings account showing
no activity (other than posting interest) for some specified
period.
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