Unclaimed amount transferred by PSBs to RBI fund at Rs 60,518 crore: MoS FinanceUnclaimed funds in public sector banks, insurance companies, and mutual funds have reached significant levels. Banks hold Rs 60,518 crore, ...
Parliamentary panel urges a 'golden share' strategy to protect PSU autonomy if state stakes fall below 51%A parliamentary panel urged the government to finalize a 'golden share' strategy to protect PSU autonomy as state stakes fall below 51%. Re...
Unclaimed bank deposits of Rs 72,454 crore lying with DEA Fund: MoS FinanceOver Rs 72,000 crore in unclaimed bank deposits are held by the RBI's DEA Fund by January 2026. Steps are being taken to help people find t...
Getting unclaimed money back: 3 easy steps to reclaim forgotten money in old bank accountsForgotten money in inactive bank accounts is managed by the RBI's Depositor Education and Awareness Fund. Amounts unclaimed for 10 years ar...
RBI launches scheme to reduce stock of unclaimed deposits by incentivising banksThe Reserve Bank of India launched a year-long incentive scheme for banks, effective October 1, to reduce unclaimed deposits. Banks will re...
Big relief proposed by RBI for account holders in activating an inoperative bank account or claiming unclaimed depositsThe Reserve Bank of India proposed on May 23, 2025, to ease access to inoperative accounts and unclaimed deposits. Banks will be required t...
Unclaimed deposits: How to search for unclaimed money in savings account, FDs on RBI’s UDGAM portalThere are 30 banks, which are part of UDGAM portal, and they cover around 90% of unclaimed deposits (in value terms) in Depositor Education...
Is there a time limit for depositor to claim unclaimed amount from DEA Fund? RBI releases important FAQsWhat is Depositor Education and Awareness Fund: The deposits becoming due to be transferred to DEA Fund (i.e., unclaimed for 10 years), in ...
30 banks join RBI UDGAM portal for unclaimed depositsAll unclaimed deposits/accounts that are part of the Depositor Education and Awareness (DEA) Fund of RBI can be searched in the UDGAM porta...
How much interest rate is applicable on unclaimed amounts in savings account, fixed depositsThe banks will transfer unclaimed funds to special account designated by the Reserve Bank of India dubbed as the Depositor Education and Aw...
Unclaimed deposits: These accounts will be transferred to DEA FundUnclaimed deposits: These accounts will be transferred to DEA Fund
Banks to launch 100 days campaign to trace & settle unclaimed deposits: RBIThese amounts are transferred by banks to "Depositor Education and Awareness" (DEA) Fund maintained by the Reserve Bank of India. "The Rese...
Finmin sets up panel to consider EBRs for infra, social schemesHeaded by Economic Affairs Secretary, the committee has secretaries from different ministries as members, besides Chairman of NABARD and Ma...
5 more entities get RBI grant under depositors' awareness fundThe apex banking regulator said the selection process involved a scrutiny by an internal team of the RBI followed by an assessment of the a...
RBI invites applications for financial assistanceIn the first tranche in January this year, RBI found 20 institutions suitable for registration to get assistance from the fund.
20 entities get RBI nod for financial grant from DEA FundRBI released the names of 20 entities that have been approved by the DEA Fund Committee for registration for seeking financial assistance.
Government issues guidelines on utilisation of Nirbhaya FundThe Nirbhaya Fund has a corpus of Rs 3,000 crore, including an additional Rs 1,000 crore allocation made in Budget for 2015-16.