Shorter job tenures among younger workers has contributed to multiple inactive accounts
for individuals as well.
Evardone added that many complainants have approached him too regarding another anomaly at the SSS which involves the supposed use by 'syndicates' of inactive accounts
as dummies to take out loans.
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Depending upon the nature of data they used to train their staff to dupe people After getting the insurance data, the gang used to offer bonus or attractive deals to inactive accounts
Currently, the gang was selling road assistance and repair facility through a non- existent company -- Road Race They charged their customers ` 1,500 and assured 24/ 7 road assistance service but they had no tie- up with any service station
We believe that a significant number of inactive accounts
may be present on operator books.
The mobile market shrank markedly in 2015 owing to the disconnection of inactive accounts
and falling incomes.
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A large number of inactive accounts
are still retained by operators and the downside risk to our forecast is that periodic purges of inactive accounts
could show that the market is actually much smaller than official data imply.
According to the notification, mutual fund vendors are becoming proactive in identifying inactive accounts
(accounts whereby neither the client or representative have contacted the vendor for a period of time) or accounts with returned mail.
96 million inactive accounts
by end of quarter, despite the fact that only less than 1% of 2.