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Question | Outcome |
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What happens to accounts which have -ve balance (overdraft) but fit the definition of inactive/dormant/escheat? | |
Overall there will be 3 new status for an account, inactive/dormant/escheated, please confirm. | |
Fee applicable would be flat or can be % as well? | |
Abandoned property account would be an expense or liability type account? | |
Fee collected would get into what type of account? | |
Is deposit/withdrawal/fund transfers allowed when account is in inactive status? | |
Is deposit/withdrawal/fund transfers allowed when account is in dormant status? |