THE BANKING REGULATION ACT, 1949 · BUSINESS OF BANKING COMPANIES
Section 26 — 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 7[in India] which have not been operated upon for ten years, 8***:
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:
1[Provided further that every regional rural bank shall also furnish a copy of the said return to the National Bank.]