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Explain the difference between inactive account and dormant
account?
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Answer Posted / y k gupta
In banking parlance, in case of saving account, an account
is dormant if it is not operated for a period of 1 year and
will become inoperative if it is not operated for 2 years
(inclusive of 1 dormant year). In case of current account,
it is 6 month + 6 months
| Is This Answer Correct ? | 33 Yes | 23 No |
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