Return of unclaimed deposits
Section 26 of the Banking Regulation Act, 1949 deals with return of unclaimed deposits. Every banking company shall, within thirty days after the close of each calendar year, submit a return in the prescribed form and manner to the Reserve Bank as at the end of such calendar year of all accounts [in India] which have not been operated upon for ten years, : Provided that in the case of The Act came into force on 16 Mar 1949.
Every banking company shall, within thirty days after the close of each calendar year, submit a return in the prescribed form and manner to the Reserve Bank as at the end of such calendar year of all accounts 1[in India] which have not been operated upon for ten years, 2***:
Provided that in the case of money deposited for a fixed period the said term of ten years shall be reckoned from the date of the expiry of such fixed period:
3 [Provided further that every regional rural bank shall also furnish a copy of the said return to the National Bank.]
Section 26, The Banking Regulation Act, 1949 (Act 10 of 1949).
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 26
What does Section 26 of the Banking Regulation Act deal with?
Section 26 of the Banking Regulation Act is headed "Return of unclaimed deposits". Every banking company shall, within thirty days after the close of each calendar year, submit a return in the prescribed form and manner to the Reserve Bank as at the end of such calendar year of all accounts [in India] which have not been operated upon for ten years, : Provided that in the case of
How do I find court cases under Section 26 of the Banking Regulation Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Banking Regulation Act 1949 26, section 26 Banking Regulation Act 1949, section 26 of the Banking Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 26 of the Banking Regulation Act, and has it changed?
One instrument names it without being made under it, most recently Banking Regulation (Companies) Rules 1949 (1949).
When did Section 26 of the Banking Regulation Act come into force?
Section 26 of the Banking Regulation Act, cited as Banking Regulation Act 1949 26, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.
Other sections of this Act
- 56. Act to apply to co-operative societies subject to modifications5544 words
- 45. Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation2310 words
- 10B. Banking company to be managed by whole time chairman1171 words
- 5. Interpretation1164 words
- 43A. Preferential payments to depositors1031 words
- 11. Requirement as to minimum paid-up capital and reserves988 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.