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    How long does a management entity have to deposit collected service charges?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    According to Article (30), a Management Entity must open a dedicated Service Charges account with a RERA-recognised bank. All collected charges must be deposited into this account within seven (7) working days from the date of collection. These funds are legally protected and may not be subject to attachment by the management entity's private creditors. This ensures that the community�s money is ring-fenced and used exclusively for the property's maintenance and operation.

    Related Topics:

    Service Charge Deposit
    Dedicated Bank Account
    Escrow Rules
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