How long is it until a bank account is considered dormant?
Philip asked:
With all the news recently about long forgotten bank accounts being discovered and the banks claiming to have no record of them I was wondering how long can a bank account be left with the interest piling up until it is considered dormant
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a year?I think mine went in a year.
In India, all the banks first convert into in-operative account ( if there is no operation for the past 6 months) they will remind you for operation, if there is no transaction they will transfer to Dormant account: