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What are examples of retention period?
The retention period begins at a specific time depending on the type of record. For example, the retention period for a financial record starts on July 1 of the following year. For another example, the retention period for the records of an employment search begins on the date that the hiring decision is made.
What is the retention period?
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records' life cycle that identifies the duration of time for which the information should be maintained or “retained,” irrespective of format (paper, electronic, or other).
What is retention period in backup?
Retention Period This policy refers to how long these backup tapes/media are kept (their retention). No backups are saved beyond eight weeks. All backup tapes are recycled back into use. This only affects the backup copies of user data, not users' actual data that is currently on the system.
What is a retention policy?
A data retention policy, or records retention policy, is an organization's established protocol for retaining information for operational or regulatory compliance needs. When writing a data retention policy, you need to determine how to: Dispose of information that is no longer needed.
What is the record retention period as per the bank policy?
6. Retention of records of transactions The records referred to in rule 3 shall be maintained for a period of ten years from the date of transactions between the client and the banking company, financial institution or intermediary, as the case may be.
What are examples of records?
Some examples of records are drivers licenses, legal filings, and tax returns. Records have strict retention schedules that are defined by a business, industry and location.
How many types of records are there?
While the four types of vinyl records are most common.
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