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Unclaimed deposits News

20 May 2023

RBI To Take Action On Unclaimed Money In Banks’ Accounts, FDs From June 1

RBI will launch '100 Days 100 Pays' campaign to remove unclaimed deposits in the banking system. Unclaimed deposits refer to balances in savings or current accounts that have been inactive for a period of 10 years. Beginning on June 1, 2023, banks will commence their participation in the '100 Days 100 Pays' campaign.

19 Aug 2022

DNA: Special report on the country's unclaimed treasure

Billions of rupees are left unclaimed in the banks of our country and its owners do not want to take it back. Therefore, now the Reserve Bank will find out such people by running a campaign and then their money will be returned to them.

unclaimed deposits

02 Feb 2015

Give names of unclaimed deposit a/c on website: RBI to banks

In a bid to help people who have unclaimed deposits lying with banks, RBI today directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.

08 Jul 2014

Over Rs 5,000 cr lying unclaimed with banks

Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed Tuesday.

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