Legal Question in Banking Law in

Does an account gets automatically classified as 'dormant account' upon being non-active for more than 2years, and can a cheque be returned from that account as 'insufficient funds' or 'dormant account'?


Asked on 8/04/10, 8:38 pm

2 Answers from Attorneys
Devansh Bhardwaj Devansh Bhardwaj

Yes if the Account is lacking sufficient balance.

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Answered on 8/05/10, 9:31 am
J. Radhakrishnan independent Practice

If there are no transactions in a current or savings account, normally, banks mark them as dormant and exercise caution when a cheque is issued against the same. That does not mean they can return a cheque issued on that account as 'insufficient funds' if otherwise the funds are sufficient or dormant.

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Answered on 8/05/10, 7:53 pm


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