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UNCLAIMED DEPOSITS IN BANKING
Insurance money left unclaimed? How to trace, verify and recover your moneyNearly Rs 8,974 crore in unclaimed insurance funds is lying with insurers due to missing nominees, outdated records, lost documents and lac...- ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
- Government launches portal to trace unclaimed bank deposits, insurance policies, mutual funds: How to access
- Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...
- Rs 10,000 monthly investment in post office RD vs SBI RD: Where will you get higher maturity amount in 5 years?Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Offi...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
- Retail central bank digital currency in circulation falls by 24% in FY26The value of retail central bank digital currency in circulation saw a significant drop of 24.08 percent in 2025-26. Despite this, the Rese...
- Government launches common landing portal for unclaimed financial assetsThe initiative is expected to enhance public awareness, improve ease of access to information and contribute to the vision of Viksit Bharat...
- RBI releases norms for banks holding non financial assetsThe Reserve Bank of India has released new draft rules. Banks can now hold specific non-financial assets only to recover bad loans. These a...
- 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...
- More than 8 lakh people got unclaimed deposits back from bank via UDGAM: Steps to check unclaimed depositsIn India, unclaimed deposits in banks are transferred to the RBI's DEA fund after ten years. The RBI launched the UDGAM portal to help indi...
- This new RBI portal will help find unclaimed FD, savings account moneyTo improve and broaden depositors' and beneficiaries' access to unclaimed data, the RBI has decided to create an online platform that will ...
- 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 ...
- Rs 35,000 crore unclaimed deposits: Check out, your money could be lying hereA deposit is considered to be unclaimed if there has been no activity on it for ten years or longer, such as a deposit of funds or a withdr...
- FSDC for a special drive to help people get unclaimed depositsBriefing reporters about the discussions in the meeting, Economic Affairs Secretary Ajay Seth also said there is no spillover effect of the...
- 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...
- Nearly Rs 49,000 crore lying unclaimed with banks, insurers: KaradGiving the details in a written reply, the minister said as per information received from the Reserve Bank of India (RBI), the total amount...
- Rs 32,000 crore as unclaimed deposits with banks and insuresCountry’s largest insurer, Life Insurance Corporation (LIC) alone holds Rs 12,892 crore as unclaimed deposit.
- Unclaimed bank deposit pile crosses Rs 8,000 croreThe number of accounts where funds remained unclaimed has doubled from 1.32 crore in 2102 to 2.63 crore in 2016.
- Interest on claims in DEAF only from date of account transfer: RBIThe RBI had asked banks to remit deposits classified as unclaimed to the Depositor Education and Awareness Fund (DEAF) by June 30, 2014.
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