Unclaimed deposits with banks rise 26 pc to Rs 78,213 crore
MUMBAI, May 30 (PTI): 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 on Thursday.
The amount with the Depositor Education and Awareness Fund stood at Rs 62,225 crore at the end of March 2023.
Banks including cooperative banks transfer unclaimed deposits of account holders lying in their accounts for 10 or more years to RBI’s Depositor Education and Awareness (DEA) Fund.
