Mathrubhumi EnglishDec 3
Indian banks have returned over ₹10,297 crore from inactive accounts to rightful owners in 3 years. https://english.mathrubhumi.com/news/india/10-297-crore-recovered-tracing-unclaimed-deposits-in-indian-banking-system-vvq3he4q?utm_source=dlvr.it&utm_medium=mastodon #UnclaimedDeposits #RBI #IndiaEconomy #DormantAccount #FinanceNews
AALAWSNGSep 25, 2024

FAQs on Dormant Accounts, Unclaimed Balances, and Financial Assets in Nigerian Banks

When a bank account has been rendered dormant;

When funds have remained unclaimed;

What does the Central Bank of Nigeria recommend? See the piece below.

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#entrepreneurs #businessowners #cbn #banking #dormantaccount

AALAWSNGSep 12, 2024
The CBN issued guidelines for managing dormant accounts and unclaimed balances in Nigerian financial institutions.
Dormant accounts are those inactive for over ten years, and unclaimed balances will be transferred to the CBN.
#avielavenantelawpractice #law #aalawsng #nigerianlawfirm #nigerianlaw
#entrepreneurs #businessowners #cbn #banking #dormantaccount