Section 26 of The Banking Regulation Act, 1949: Return of unclaimed deposits.
Return of unclaimed deposits. – 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 [in India] which have not been operated upon for ten years [* * *]:
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.]
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