Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI

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.

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.

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.