Unclaimed Deposits

Unclaimed Bank Deposits

Bank accounts or deposits which are inactive or inoperative for 10 years or more are treated as unclaimed monies. 

These unclaimed monies can be, fixed deposit maturity amounts which have not been claimed, money lying in inoperative savings or current accounts etc.

As per the Reserve Bank of India (RBI), the bank deposits which have not been claimed for 10 years or more will be transferred to ‘Depositor Education and Awareness Fund Scheme.’

Note:- For Unclaimed Deposits please contact your Branch Manager.