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Old 12-07-2006, 07:07 PM
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Even within the same department, time period for preservation of records vary, depending on their nature and importance.

For example, in banking industry, records like account opening forms have to be preserved for ever, while the cheques and remittance challans are destroyed after a period of 10 or 15 years.

Likewise, various departments are having their own regulations and rules regarding the maintenance an preservation of various types of records.
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