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UNCLAIMED FDS
New bill proposes multiple nominees for bank Fixed Deposits to ease fund distribution after deathA new bill, expected to be introduced in Parliament's winter session, seeks to amend bank nomination laws, allowing up to four nominees for...25 Nov, 2024, 07.52 AM IST- 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...24 Sep, 2024, 04.50 PM IST
- FD rates up to 9.5%: These 8 banks offer over 9% interest rate on fixed deposits for senior citizensFD interest rates in March 2024: Senior citizens are offered a higher rate of interest rate on FDs compared to those offered on general cit...22 Mar, 2024, 10.52 AM IST
- 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 ...06 Mar, 2024, 02.55 PM IST
- Unclaimed money in savings account, FDs: Can you settle unclaimed deposits using RBI’s UDGAM portal?UDGAM refers to Unclaimed Deposits-Gateway to Access inforMation, which is an online portal developed by RBI. Here are some important FAQs ...06 Mar, 2024, 11.52 AM IST
- When your bank savings account can become dormant, how to revive itInterest credited by the bank on the account balance, as well as any charges deducted by the bank, are not considered as transactions.10 Oct, 2023, 11.58 AM IST
- UDGAM portal for unclaimed FDs, savings accounts: RBI enrolls 30 banks, check if your bank is in the listThe Reserve Bank of India launched a Centralised Web Portal called UDGAM (Unclaimed Deposits - Gateway to Access information) to help and m...05 Oct, 2023, 06.03 PM IST
- Do you remember the nominee in your bank savings a/c? Here's how to check, add nominee to savings accountA nominee is a person that an account holder designates to claim the money in the savings account after the original owner of the account d...20 Sep, 2023, 04.24 PM IST
- Banks get Rs 5,729 cr for refund of unclaimed deposits; how you can claim amount in unclaimed savings account, FDsThe Reserve Bank of India (RBI) notified the "Depositor Education and Awareness Fund Scheme, 2014," which covers unclaimed deposit norms an...25 Jul, 2023, 12.00 PM IST
- 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 ...19 Jul, 2023, 01.52 PM IST
- How to claim unclaimed money from bank savings accounts, FDsThe Reserve Bank of India has asked banks to identify accounts that have not had any customer-initiated transactions in over ten years. As ...14 Jun, 2023, 03.55 PM IST
- Unclaimed money in savings account, bank fixed deposits (FDs): Here’s how to checkNirmala Sitharaman, the minister of finance, requested that regulators launch a special initiative to speed up the settlement of unclaimed ...09 May, 2023, 04.19 PM IST
- Wrong nominee and right nominee for bank A/cs, FDs, mutual funds, financial assetsIt is known that one should nominate someone to receive the bank account money, fixed deposits, other financial assets after the death of a...29 Sep, 2022, 10.24 AM IST
- Make assets accessible to heirs: Take time to consider operational, procedural aspects of investingI do not tire of warning the perils of mindless investments parents make for children, in land and property. These assets are chunky, requi...18 Sep, 2022, 09.07 PM IST
- How to draft a will for your NRI childrenSuppose one’s child is residing in a different country. In that case, there is a high possibility that he/she will be unaware of the detail...07 Jun, 2022, 02.43 PM IST
- Banks can pay less on matured bulk FDs: RBIGiven the surplus liquidity in the system, short-term interest rates are very low, and banks offer a risk-free return on idle money. For bu...06 Jul, 2021, 07.41 AM IST
- Overdue FDs to earn lower interest after this RBI tweak; what you should doCurrently (i.e., before the amendment), if a term deposit (TD) has matured and proceeds were unpaid, the amount left unclaimed with the ban...05 Jul, 2021, 04.03 PM IST
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