Central Bank to take over inactive accounts in banks

[TamilNet, Friday, 04 September 2009, 15:35 GMT]
Sri Lanka’s Central Bank Friday announced that savings and safe deposits that have not been maintained as active accounts in banks over ten years will be taken over by the Central Bank soon. “Central Bank would investigate into such accounts being held at all state and private banks and convert the value to be held by the Central Bank until such time the owners prefer to reclaim their assets,” a Central Bank official told media.

“It is not an attempt to take over savings of people and anyone with a savings or safe deposit account should reactivate it with the bank in question to avoid the Central Bank measure,” the official further said.

“This is simply a security measure,” he noted.

He also assured that any original depositors were free to reclaim their money from the Central Bank and this measure would only be implemented on accounts that have not had any transactions for over ten years.

 

Latest 15 Reports
19.08.19 19:23   Photo
IC sheds crocodile tears over Shavendra appointment, US engages with his war-time chief
18.08.19 23:50   Photo
SL TID detains outspoken Tamil doctor at Pazhai hospital
17.08.19 23:08   Photo
SLA Jaffna commander refuses to release Palaali lands at meeting presided by Wickramasinghe
16.08.19 13:25   Photo
SL Archaeology Department resumes plans to construct controversial ‘chaitya’ at Koonith-theevu
15.08.19 21:39  
Wickramasinghe lacks courage to meet protesting Tamil mothers in North
14.08.19 23:31   Photo
2006 genocidal massacre at Chengchoalai campus marked in Vanni, Jaffna amidst PTA-threats
13.08.19 17:45   Photo
Tamil awareness urged on geopolitics-driven genocidal ‘development’ in Mannaar
12.08.19 20:04   Photo
Percival's 19th century Tamil proverb compilations collated and sorted in new publication
11.08.19 20:32   Photo
PTA-threats against constructing memorial arch for student victims of 2006 aerial massacre
10.08.19 22:49   Photo
Sinhala encroachers storm into 100 acres of lands at Kanneeraavi in Pulmoaddai
09.08.19 14:28  
SL Forest Department retains 8,034 hectares of pasturelands in Paduvaan-karai, Batticaloa
08.08.19 20:05   Photo
Colombo converts 2000 acres of ex-HSZ lands citing India-assisted airport expansion in Jaffna
07.08.19 23:28   Photo
Book on Santhiya becomes narration of Tamil struggle incorporating Marxist ideas in early 80s
06.08.19 23:27   Photo
State discrimination causes death of 1000 cows, milk production drops by 5,500 litres in Batticaloa
05.08.19 23:55   Photo
Pirapaharan’s statements between 1984 and 1993 reproduced in book form in Europe
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=30161