Safekeeping

The Depositor is reminded to keep the original Fixed Deposit Receipt/Savings Passbook/Gold Investment Passbook/Cheque Book in a safe place at all times.

Set Off

The Bank may at anytime without prior notice to the Depositor set off or transfer any sum(s) standing in the credit of the Depositor's Account (including Savings/Fixed Deposit/MGIA-i/Gold Investment Account/Foreign Currency Accounts) towards satisfaction of any liabilities jointly or severally on any other account of any Depositor.

Inactive/Dormant Account

All Deposit Accounts i.e. Savings, Fixed Deposit and Current Accounts (except Foreign Currency Accounts and Gold Investment Account) without any customer-initiated transactions (deposit or withdrawal transactions performed through either the counter or via self service banking channels) for a continuous period of twelve (12) months or more will be classified as an 'Inactive' account.

The 'Inactive' status would remain unchanged until the account holder reactivates the account by performing a deposit or withdrawal transaction personally at the counter as all other mode of payment channel such as Self Service Terminals, E-Banking and Tele-Banking would be deactivated.

Should the customer fail to perform a transaction on the account as mentioned above for a period of seven (7) years from the date of the last customer-initiated transaction, the account would be classified as 'Dormant'.

Once it becomes 'Dormant', the account will be closed and the money inside the account will be transferred by the Bank to the Registrar of Unclaimed Moneys in accordance with the Unclaimed Moneys Act 1965.