Banking Regulation Act
Banking Regulation Act
II · Section 26

Return of unclaimed deposits

Synced on 07 Jul 2026Text as per India Code

Every banking company shall, within thirty days after the close of each calendar year, submit a return in the prescribed form and manner to the Reserve Bank as at the end of such calendar year of all accounts 1[in India] which have not been operated upon for ten years, 12***:

Provided that in the case of money deposited for a fixed period the said term of ten years shall be reckoned from the date of the expiry of such fixed period:

[Provided further that every regional rural bank shall also furnish a copy of the said return to the National Bank.]

Judgments on Section 26