https://www.taxtmi.com/news?id=3064 RBI directed banks to perform annual reviews of accounts inactive for over one year, launch drives to locate account holders or legal heirs for accounts in the "Inoperative Accounts" ledger, permit operations after due diligence without charging for reactivation, and publish on bank websites the names and addresses of long term inactive account holders along with claim procedures, forms, documentary requirements and safeguards to verify genuine claimants, with a timeline to complete and regularly update disclosures. en-us Fri, 30 Mar 2012 18:53:18 +0530 Fri, 30 Mar 2012 18:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3064 RBI directed banks to perform annual reviews of accounts inactive for over one year, launch drives to locate account holders or legal heirs for accounts in the "Inoperative Accounts" ledger, permit operations after due diligence without charging for reactivation, and publish on bank websites the names and addresses of long term inactive account holders along with claim procedures, forms, documentary requirements and safeguards to verify genuine claimants, with a timeline to complete and regularly update disclosures. News - Fri, 30 Mar 2012 18:53:18 +0530 https://www.taxtmi.com/news?id=3064