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A savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial transactions in the account for over a period of two years. Changing transaction limit, requesting for issue of cheque book or credit card and debit card and making a balance enquiry are non-financial transactions.
Optimistic tale of economy takes turn as one delves into perspective of the World Bank
The bank's gross advances showed healthy growth, reaching ₹10,347 crore in Q3FY24, a notable increase of 11.93% compared to Q3FY23 gross advances of ₹9,244 crore. Additionally, the total deposits of the bank grew by 10.60% YoY to ₹14,310 crore in Q3FY24.
A savings as well as current account is treated as inoperative or dormant if there are no customer-induced financial or non-financial transactions in the account for over a period of two years. Changing transaction limit, requesting for issue of cheque book or credit card and debit card and making a balance enquiry are non-financial transactions.
As we embark on a brand new year, it’s the perfect time to reflect and think about any improvements you want to make on the one before.