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Article (9)- Bank Accounts & Related Commissions and Charges:

N 2901/2011 Effective from 28/4/2011
  1. 1.Banks may continue with their present practices and internal guidelines to control and monitor dormant accounts. However in no case they should transfer the balance of such accounts to their profit and loss account.
  2. 2.Central Bank is in the process of issuing suitable guidelines in respect of dormant accounts. In the interim, banks may continue to comply with Notice No 24/2000 in respect of dormant accounts and take necessary precautions for operating such accounts.