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Explain the difference between inactive account and dormant
account?

Answer Posted / rikki

An inactive account is an account that has not had any
activity in a period of 6 months, ex: No transactions such
as withdrawals or deposits.
A Dormant account is an account that has first gone
inactive (6 months) with no activity such as deposits or
withdrawals, for a total of 12 months (1Year).

Is This Answer Correct ?    13 Yes 13 No



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