[NPS 10,130] Unclaimed moneys26 

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(1) An e-money account for which there are no transactions for a continuous period of 6 months may be considered dormant.
(2) A dormant account may be suspended by the e-money issuer but the issuer must retain any account balance in the name of the customer for at least 12 months from the date the account is deemed dormant.
(3) Every e-money issuer must, within 60 days after the financial year, publish in a daily newspaper or on the e-money issuer’s website, or other electronic means, a statement showing all dormant accounts.
(4) Every statement published under subregulation (3) must state that dormant account holders, or their legal personal representative, as the case may be, must submit a claim to the e-money issuer within 3 months from the date of publication of the statement.
(5) The unclaimed balance remaining in any dormant account for a period of 3 months after publication must be paid to the Reserve Bank and remains the property of the account owner.