The RBI has issued standardized guidelines for banks to settle claims of deceased customers, aiming to eliminate divergent practices. Payme...

The RBI has issued revised norms mandating banks to settle claims on deceased customers’ accounts and lockers within 15 days, with compensa...

RBI Governor Sanjay Malhotra announced on August 6, 2025, that the process for legal heirs to access bank accounts and lockers of deceased ...

The Reserve Bank has directed banks to ensure deposit accounts and safety lockers have nominations to ease claim settlements. Observing man...

What is Depositor Education and Awareness Fund: The deposits becoming due to be transferred to DEA Fund (i.e., unclaimed for 10 years), in ...

the Reserve Bank of India (RBI) announced the creation of a new centralised web portal for searching for unclaimed deposits older than ten ...

In 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...

The government has made changes to the process of claiming money from several post office small savings plans in a circular dated August 28...

According to RBI norms, balances in savings/current accounts that are not operated for 10 years, or term deposits not claimed within 10 yea...

After the death of an HDFC Bank account holder, here is how their nominees and legal heirs can make a claim on the deposit amount

The Department of Post has, via an order dated, May 20, 2019, amended the powers of various authorities to sanction claims of heirs of dece...

Any amount remaining unclaimed for more than ten years shall be credited to the Depositor Education and Awareness Fund.

To avoid uncomfortable situations and running around, investors and their family members should be aware of the claim process in case of de...

The Reserve Bank today directed banks to adopt a simple procedure for hassle-free settlement of claims of a deceased depositor.

RBI directed urban co-operative banks not to insist upon succession certificates from nominees while settling claims in cases of deceased d...

Repayment of FDs will be in tune with the operational instructions. Normally if there are 2 A/c holders, operational instructions will be ‘...

Families of deceased depositors, who have not named nominees for their accounts, will get at least Rs 25,000 from the deceased’s bank balan...