Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreImportant Amendments by The Finance (No. 2) Act, 2024 – Charitable Trusts
Read MoreImportant Amendments by The Finance (No. 2) Act, 2024 – Capital Gains
Read MoreImportant Amendments by The Finance (No. 2) Act, 2024 – Buy-Back of Shares
Read MoreImportant Amendments by The Finance (No. 2) Act, 2024 – Re-Assessment Procedures
Read MoreImportant Amendments by The Finance (No. 2) Act, 2024 – Block Assessment
Read MoreImportant Amendments By The Finance (No. 2) Act, 2024 – Other Important Amendments
Read MoreBCAJ Brieficles are short-format, web-only articles on contemporary topics of professional importance that are open-for-all to read & share.
Explore BrieficlesExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn MoreMonthly mouth-piece of BCAS, the BCA Journal is a leading publication that has been in continuous circulation for more than 53 years. Over the years the BCAJ has become synonymous with high-quality & authentic content across fields of finance, accounting, tax & regulatory matters. The BCAJ has wide circulation across India & commands huge respect amongst the Chartered Accountants` community.
Learn MoreFor queries, collaborations, and insights to forge, Drop a line, share thoughts, inquiries galore, At BCAJ, your messages, we eagerly explore.
Learn MoreA couple of months back the RBI had issued detailed
guidelines on inoperative or dormant bank accounts — savings as well as
current account. It had stated that if there are no transactions in the
account for a period over two years, it is to be treated as dormant. Further,
for the purpose of classifying an account as inoperative, both the types of
transactions i.e., debit as well as credit transactions induced at the
instance of customers as well as third party should be considered.RBI now states that there may be instances where the
customer has given a mandate for crediting the interest on Fixed Deposit
account to the Savings Bank account and there are no other operations in the
Savings Bank account. Some doubts have arisen whether such an account is to be
treated as inoperative account after two years.In this connection, the Banker of the Banks has clarified
that since the interest on Fixed Deposit account is credited to the Savings
Bank accounts as per the mandate of the customer, the same should be treated
as a customer induced transaction. As such, the account should be treated as
operative account as long as the interest on Fixed Deposit account is credited
to the Savings Bank account. The Savings Bank account can be treated as
inoperative account only after two years from the date of the last credit
entry of the interest on Fixed Deposit account.(Source : Internet & Media Reports, 4-11-2009)