Unclaimed Deposits: Crores of rupees were lying in banks in such a way that there is no claimant. In such a situation, Finance Minister Nirmala Sitharaman had recently asked all the financial regulators to run a campaign in the meeting of the Financial Stability and Development Council. After this, the Reserve Bank of India has launched a special campaign for the unclaimed amount lying in the banks. Its name is ‘100 days 100 payments’. Through this program, RBI will get the information about the unclaimed money of the customers and send it to the customer.
RBI launches special program
What is unclaimed amount?
It may be noted that the unclaimed amount is called the account in which no transaction has been done for 10 years or more. The amount deposited in such an account is considered as an inactive deposit. According to RBI, in the financial year 2021-22, the unclaimed amount in banks has reached Rs 48,262 crore. Whereas in the financial year 2020-21, this amount was Rs 39,264 crore. According to RBI data, the highest unclaimed deposits are deposited in banks in Tamil Nadu, Punjab, Gujarat, Maharashtra, Bengal, Karnataka, Bihar and Telangana and Andhra Pradesh.
Portal launched to track unclaimed amount
On 6 May 2023, RBI Governor Shaktikanta Das informed that RBI has started a web portal to find out the unclaimed amount. After this, customers will get information about their unclaimed amount on a single portal instead of the website of different banks.
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