14.02.2025 15:02
The Savings Deposit Insurance Fund (TMSF) has issued a warning regarding the statute of limitations for deposits, participation funds, trusts, and receivables in banks. Accounts that have not been active since 2014 will be transferred to the Fund if no transactions are made by June 14.
The Savings Deposit Insurance Fund (TMSF) has issued a warning regarding the statute of limitations for depositors, participation funds, trusts, and receivables held with banks. TMSF has published an announcement regarding deposits, participation funds, trusts, and receivables that have become subject to the statute of limitations.
According to the announcement, as per Article 62 of the Banking Law, deposits, participation funds, trusts, and receivables held with banks that have not been requested, transacted, or had any written instructions made by the rightful owner within 10 years from the date of the last request will be subject to the statute of limitations.
PRODUCTS SUBJECT TO STATUTE OF LIMITATIONS WILL BE ANNOUNCED BY BANKS
In accordance with Article 8 of the regulation published regarding the implementation of this article, the list of deposits, participation funds, trusts, and receivables that have become subject to the statute of limitations will be published on the banks' own websites and also consolidated on the websites of TMSF and the relevant associations (Turkey Banks Association https://www.tbb.org.tr/tr, Turkey Participation Banks Association https://www.tkbb.org.tr) by the end of May, starting from the beginning of February.
DEADLINE IS JUNE 14
In this context, lists of accounts that have not seen any activity since 2014 can be queried until the end of May from the "Statute of Limitations Inquiry" section on the main page of "https://www.tmsf.org.tr", as well as from the websites of the relevant associations and banks. Rightful owners whose names are on the list must apply to the relevant bank branches or headquarters by June 14 to carry out transactions related to their accounts. Accounts that have not been transacted by this date will be recorded as income to the Fund due to the statute of limitations.