DORM/ INOP/ UNCLAIMED Accounts
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All depository accounts like Current/saving/BBA etc., which are not operated upon by the account holders for a period of one year, will be classified as dormant. After passing one year in the dormant status, that is, no operation in the account for a continuous period of two years, the account shall be classified as inoperative. This entails certain restrictions on the operation of such accounts, for reactivation, the account holder must in person request for a change of status and will produce original CNIC or Passport or Pakistan Origin Card (POC) or National Identity Card for Overseas Pakistani (NICOP) with photo copy for Branch / Bank attestation.All accounts which are inoperative and have Nil balances shall be closed by the bank.
After passing further 8 years in inoperative status, i.e. if an account is not operated upon by a customer for a continuous period of ten years, it will be classified as unclaimed deposit account and will be surrendered to SBP as per the provisions (section 31) of Banking Companies Ordinance 1962