What are dormant deposits and which is the difference with
dormant accounts?
Thanks
Answer Posted / alkesh b. kukadiya
Dormant account :
Dormant account means account with bank in which no
transactions has been made by the customer from a long
period.( Period differ from bank policy bt generally it's
365 days) It's not always posible to findout customer and
so these accounts are lying with bank.Dormant account
generally found in bank when customer died and no details
of his/her heirs with bank.
Dormant Deposits :
Dormant deposits means any deposits made by customer
but lying with bank because no details abt customer found
by bank.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is the mean of decommission liability?
What is vouching?
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??
Explain about cross functional audits?
THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
What are the objectives of internal audit?
What do you know about KPMG?
what is audit & activities of auditor?
which of the following procedure would auditor lease likely perform in planning a financial statement audit?
who is the auditor and his deautis
while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?
Whats are the importance of evaluating an internal audit department?
What does an internal audit charter contain?
can external audit be seen as merely an overhead cost adding no value to the orgnisation