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DECEASED DEPOSITOR CLAIM
Bank of India ordered to pay Rs 15,000 to Kerala man after delay in releasing deceased wife's savingsA Kerala consumer commission ordered Bank of India to pay compensation. The bank delayed releasing a deceased woman's savings to her elderl...- UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SCThe submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...
- Up to Rs 15 lakh death claim settlement within 15 days: How Indian Overseas Bank’s new online facility helps claimantsOnline death claim: Indian Overseas Bank has introduced a new online portal for death claim settlements. Families can now submit claims fro...
- RBI issues guidelines for claims settlement related to deceased bank customersThe RBI has issued standardized guidelines for banks to settle claims of deceased customers, aiming to eliminate divergent practices. Payme...
- RBI streamlines norms for claims settlement related to deceased bank customersThe RBI has issued revised norms mandating banks to settle claims on deceased customers’ accounts and lockers within 15 days, with compensa...
- Legal heirs to find it easier to claim deceased person's bank account, lockers: RBI plans to simplify procedureRBI Governor Sanjay Malhotra announced on August 6, 2025, that the process for legal heirs to access bank accounts and lockers of deceased ...
- Ensure nominations in all accounts, lockers: RBI to banksThe Reserve Bank has directed banks to ensure deposit accounts and safety lockers have nominations to ease claim settlements. Observing man...
- 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 ...
- PNB unclaimed savings account, FDs: PNB launches campaign called 100 Days, 100 Pays; are you eligible?the Reserve Bank of India (RBI) announced the creation of a new centralised web portal for searching for unclaimed deposits older than ten ...
- RBI to develop online portal for unclaimed deposits of all banksIn order to look for unclaimed deposits that are more than ten years old, the Reserve Bank of India (RBI) has announced the of a new centra...
- Death claim settlement rules for post office schemes like PPF, Sukanya Samriddhi, NSCThe government has made changes to the process of claiming money from several post office small savings plans in a circular dated August 28...
- Unclaimed deposits: RBI launches awareness campaignAccording to RBI norms, balances in savings/current accounts that are not operated for 10 years, or term deposits not claimed within 10 yea...
- How nominees, legal heirs can claim deposit amount after death of HDFC Bank account holderAfter the death of an HDFC Bank account holder, here is how their nominees and legal heirs can make a claim on the deposit amount
- PPF, SCSS, post office savings schemes: Rules for death claims relaxedThe Department of Post has, via an order dated, May 20, 2019, amended the powers of various authorities to sanction claims of heirs of dece...
- Interest rate on unclaimed funds lying with banks cut to 3.5% from 4%Any amount remaining unclaimed for more than ten years shall be credited to the Depositor Education and Awareness Fund.
- What to do if a company FD holder dies?To avoid uncomfortable situations and running around, investors and their family members should be aware of the claim process in case of de...
- Adopt simple method for claim settlement of deceased a/c: RBIThe Reserve Bank today directed banks to adopt a simple procedure for hassle-free settlement of claims of a deceased depositor.
- Speed up settlement of claims to deceased nominee: RBI to UCBsRBI directed urban co-operative banks not to insist upon succession certificates from nominees while settling claims in cases of deceased d...
- Q & A: Banking and FinanceRepayment of FDs will be in tune with the operational instructions. Normally if there are 2 A/c holders, operational instructions will be ‘...
- Deceased bank depositors' kin get reliefFamilies of deceased depositors, who have not named nominees for their accounts, will get at least Rs 25,000 from the deceased’s bank balan...
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