Wednesday, July 31, 2013

Activation of Dormant Account

When there has been no financial activity for a long period of time, other than posting of interest, an account can be classified as dormant. Once the account turns dormant you cannot operate account like money cannot be withdrawn, cheque clearance etc. Statute of limitations usually does not apply to dormant accounts, and funds can be claimed by the owner or beneficiary at any time.

Modification

01. ACM - Enter - M - AC ID - F4
02. Option S - F4 - F6
03. Change Account Status "D" to "A" - F4 - F10














Verification

01. ACM - Enter - V - AC ID - F4
02. Option S - F4 - F6 - F4
03. Option 0 (Zero for General Details) - F4
04. F6 - F6 - F4 - Finally Press F10 to Save