Using multiple bank accounts can be a good way to separate funds for different financial goals. However, if you forget about one of those accounts it could end up falling dormant. A dormant bank ...
Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Basic financial literacy advises against letting multiple ...
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Dormant Bank Accounts: What Happens If Your Account Remains Inactive for 2 Years, and Is Your Money Safe?
Many people today maintain multiple bank accounts, but often some of them remain unused for years. According to Reserve Bank of India (RBI) guidelines, if there is no transaction in your account for a ...
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Income Tax Returns: How To Resolve A ‘Bank Account Validation Error’ While Filing ITR? A Guide
Filing an Income Tax Return (ITR) is a crucial financial responsibility for every taxpayer. It is important to note that ITR filing for FY 2024-25 (AY 2025-26) has already started. Among the several ...
The Central Bank of Nigeria (CBN’s) review of policy on dormant account and unclaimed balances transactions have prompted customers with longstanding deposits in dormant accounts to approach banks for ...
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