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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
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RBI Launches UDGAM Web Portal to Access Details of Unclaimed Deposits
The Reserve Bank on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) to help people search and claim unclaimed deposits. The portal, launched by RBI Governor Shaktikanta Das, has been developed by the central bank to help the public to facilitate and make it easier for them to search their unclai...
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RBI to Develop Centralised Online Portal to Access Details of Unclaimed Deposits Across Banks
The Reserve Bank on Thursday said a centralised portal will be developed to access details of unclaimed deposits by depositors or their beneficiaries across various banks.
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RBI To Set Up Portal To Enable Search Across Multiple Banks For Unclaimed Deposits
The Reserve Bank today announced to set up a centralised portal to access details of unclaimed deposits by depositors or their beneficiaries across various banks.
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Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
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RBI Reduces Interest Rate On Unclaimed Deposits To 3.5%
Unclaimed deposits are those which has not been claimed by depositors for a period of 10 years.
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Switzerland Publishes List Of 2,600 Dormant Bank Accounts , 4 Names From India
At least four Indians figured in the list of unclaimed bank accounts made public by Switzerland today, which contains over 2,600 accounts and 80 safe deposit boxes.
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Banks Asked to Put Names of Unclaimed Accounts Online
In a bid to help people who have unclaimed deposits lying with banks, the Reserve Bank of India (RBI) on Monday directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.
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Finance Ministry Sets Up Panel on Unclaimed PPF, Small Savings Deposits
Finance Minister Arun Jaitley has set up a committee under Reserve Bank of India (RBI) Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular Public Provident Fund (PPF) and Post Office saving schemes, and suggest steps for utilization of funds for the benefit of senior citizens.
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Over Rs 5,000 Crore Lying Unclaimed with Banks: Finance Ministry
Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed on Tuesday.
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Interest on Claims in Depositor Education Fund Only From Date of Account Transfer: RBI
Interest on unclaimed deposits with banks will be payable only from the day they are transferred to a newly set up fund for educating depositors, the Reserve Bank of India (RBI) has said.
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RBI Asks Banks to Remit Unclaimed Deposits to DEAF by June 30
After the first transfer of amounts, banks should transfer amounts becoming due in each calendar month on the last working day of the subsequent month.
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Unclaimed bank money to be used for depositors' education: RBI
Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank of India (RBI) said on Friday.
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RBI proposes to use unclaimed money on depositors' education
As per the proposal, the banking sector deposits which have not been claimed for 10 years or more will be transferred to 'Depositor Education and Awareness Fund Scheme'.
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Unclaimed deposits of Rs 3,652 crore lying with banks: Chidambaram
Banks have as much as Rs 3,652 crore of unclaimed deposits lying with them, with State Bank of India (SBI) alone accounting for about 15 per cent of the amount, the government informed Parliament on Friday.
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
-
RBI Launches UDGAM Web Portal to Access Details of Unclaimed Deposits
The Reserve Bank on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) to help people search and claim unclaimed deposits. The portal, launched by RBI Governor Shaktikanta Das, has been developed by the central bank to help the public to facilitate and make it easier for them to search their unclai...
-
RBI to Develop Centralised Online Portal to Access Details of Unclaimed Deposits Across Banks
The Reserve Bank on Thursday said a centralised portal will be developed to access details of unclaimed deposits by depositors or their beneficiaries across various banks.
-
RBI To Set Up Portal To Enable Search Across Multiple Banks For Unclaimed Deposits
The Reserve Bank today announced to set up a centralised portal to access details of unclaimed deposits by depositors or their beneficiaries across various banks.
-
Unclaimed Deposits Of Rs 35,012 Crore With Public Sector Banks Moved To RBI
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed today.
-
RBI Reduces Interest Rate On Unclaimed Deposits To 3.5%
Unclaimed deposits are those which has not been claimed by depositors for a period of 10 years.
-
Switzerland Publishes List Of 2,600 Dormant Bank Accounts , 4 Names From India
At least four Indians figured in the list of unclaimed bank accounts made public by Switzerland today, which contains over 2,600 accounts and 80 safe deposit boxes.
-
Banks Asked to Put Names of Unclaimed Accounts Online
In a bid to help people who have unclaimed deposits lying with banks, the Reserve Bank of India (RBI) on Monday directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.
-
Finance Ministry Sets Up Panel on Unclaimed PPF, Small Savings Deposits
Finance Minister Arun Jaitley has set up a committee under Reserve Bank of India (RBI) Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular Public Provident Fund (PPF) and Post Office saving schemes, and suggest steps for utilization of funds for the benefit of senior citizens.
-
Over Rs 5,000 Crore Lying Unclaimed with Banks: Finance Ministry
Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed on Tuesday.
-
Interest on Claims in Depositor Education Fund Only From Date of Account Transfer: RBI
Interest on unclaimed deposits with banks will be payable only from the day they are transferred to a newly set up fund for educating depositors, the Reserve Bank of India (RBI) has said.
-
RBI Asks Banks to Remit Unclaimed Deposits to DEAF by June 30
After the first transfer of amounts, banks should transfer amounts becoming due in each calendar month on the last working day of the subsequent month.
-
Unclaimed bank money to be used for depositors' education: RBI
Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank of India (RBI) said on Friday.
-
RBI proposes to use unclaimed money on depositors' education
As per the proposal, the banking sector deposits which have not been claimed for 10 years or more will be transferred to 'Depositor Education and Awareness Fund Scheme'.
-
Unclaimed deposits of Rs 3,652 crore lying with banks: Chidambaram
Banks have as much as Rs 3,652 crore of unclaimed deposits lying with them, with State Bank of India (SBI) alone accounting for about 15 per cent of the amount, the government informed Parliament on Friday.
