J&K has over 17.20 lakh unclaimed accounts worth Rs 465.79 crore: RBI
JAMMU, Nov 15 (PTI): Jammu and Kashmir has registered over 17.20 lakh unclaimed accounts with an outstanding amount of Rs 465.79 crore, prompting the Reserve Bank of India (RBI) to encourage banks to actively contact rightful claimants of these deposits for the return of funds in a time-bound manner.
RBI Regional Director Chandra Shekhar Azad said Jammu district alone accounts for 2,94,676 unclaimed accounts amounting to Rs 107.27 crore.
In total, the Union territory has 17,20,878 unclaimed accounts with an outstanding amount of Rs 465.79 crore, Azad said.
