70932
Regulations for Dormant Accounts
Regulations for Dormant Accounts

Regulations for Dormant Accounts

Regulations for Dormant Accounts

In order to improve banks’ financial transparency and prevent any abuse, the Central Bank of Iran has for the first time formulated regulations to identify and manage banks and credit institutions’ dormant accounts, the bank’s official website reported. In recent years, the deposit accounts of banks and credit institutions have increased, with a considerable number of them remaining inactive for a long time. For instance, many of these accounts have lost their value due to rising inflation or the owner has stopped using the account. Therefore, CBI’s measures seek to protect the rights of account owners, prevent any attempt to misuse those accounts while setting up a unified accounting system for banks regarding dormant accounts. Dormant accounts’ regulations were passed on August 8 by the Money and Credit Council.

 

Short URL : https://goo.gl/7rEyGt
  1. https://goo.gl/qvXYW7
  • https://goo.gl/rxKub6
  • https://goo.gl/hKDEoa
  • https://goo.gl/2WphUW
  • https://goo.gl/SzNFA4

You can also read ...

US Sanctions on Iran Affect Trade With UAE
The latest US sanctions against Iran are forcing many Iranian...
New Government Policies Reduce Forex Demand
The implementation of new foreign exchange policies by the...
Failure to Safeguard Iran Deal Will Show EU Still a Paper Tiger
Just a few weeks ago, it seemed that the Iran nuclear deal...
Iraq to Respect Dollar Ban But Not All US Sanctions on Iran
Iraqi Prime Minister Haider al-Abadi stepped back from his...
Gold Coin Gains
The benchmark Bahar Azadi gold coin gained on Tuesday, as both...
Indian Tea Exporters Seeking Special Exchange Rate From Iran
The Indian tea industry has sought a special exchange rate...
Nvidia Rolls Out New Chip Technology for Filmmakers
Nvidia Corp on Monday released a new generation of chips aimed...
Google Tracks Your Movements, Like It or Not
Google wants to know where you go so badly that it records...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus