Any time barred participation funds, safe custodies or receivables, whether above or below 50 TRY, are declared in the respective web site of each bank from the early February (to the end of April). Also, each bank must declare in two newspapers with the highest general circulation throughout Turkey for two days latest by the 15th day of February that the aforementioned lists have been declared in its respective web site.
Of any time barred participation fund, safe custodies and receivables which are declared by the bank in its own website, those which are not called by the beneficiary or his/her legal heir up to 15th day of May are transferred together with their respective profit shares to the Saving Deposits Insurance Fund by the late May. The said participation funds, safe custodies and receivables are recorded as revenue as of the date of transfer by the above mentioned Fund, along with their respective profit shares.
Therefore, any time barred participation fund, safe custody or receivables can be claimed from the relevant bank by the beneficiary or his/her legal heirs latest by the 15th day of May as of which date the obligation of such accounts being transferred to the Fund starts. After that date, none of such accounts can be claimed from the relevant bank or Saving Deposits Insurance Fund.