Unclaimed deposits: How a nominee, legal heir can make a claim after death of depositor

The Reserve Bank of India has encouraged banks to publish a list of unclaimed deposits and inactive accounts that have been unclaimed, inactive, or for 10 years or more so that potential claimants can research the names online before visiting the bank.

Currently, in order to find unclaimed bank deposits that have been lying dormant for at least ten years, depositors and beneficiaries must search through the websites of numerous banks. Now, it has been decided to create a web portal in order to enhance and broaden the access of depositors or beneficiaries to information on such unclaimed deposits. This will facilitate the return of deposits to depositors or beneficiaries.

How can a account holder claim funds from unclaimed deposits

Account holders must visit the branch where their account is maintained and submit the Annexure-B, or "Claim Form," duly filled out and signed, along with the account's available information (passbook/statements of account, term deposit/special term deposit receipts or advices), recent photographs, and valid Identity and address proof documents (KYC documents) with origin.

How a nominee/ legal heir can claim for funds after death of depositor?

According to the Bank of Maharashtra website, for the claim process, the legal heir/ Nominee (s) can visit the branch and submit the Unclaimed Deposits Claim Form duly filled in and signed, along with the following documents.
i. Passbook / Term Deposit / Special Term Deposit Receipts (advices)
ii. Valid Identity proof of the claimant(s)
iii. Copy of death Certificate of the account holder.
Branches while processing the applications will meticulously follow the Bank’s policy for claim settlement of deceased and missing persons.

Branches will carefully adhere to the claim-settlement procedure when processing applications for deceased and missing persons.

How to check unclaimed deposits in HDFC Bank
Step 1: Visit link https://leads.hdfcbank.com/applications/webforms/apply/HDFC_Inoperative_acc/HDFC_Inoperative_acc.aspx
Step 2: Search your name in the search box and click. It will show the HDFC Bank address where the deposit is held.

How to check unclaimed deposits in ICICI Bank?
Visit link- https://nli.icicibank.com/NewRetailWeb/loadInoperativeAccounts.htm
Enter all the required details and click submit
Things to note

• Minimum two fields of above search criteria must be entered.
• Name and Date of birth
• Name and PAN
• Name and Passport number
• Name and Pincode
• Name and Telephone number
Search can be done only based on primary holder's details

How to check unclaimed deposit in Canara Bank
Customers can visit https://canarabank.com/Unclaimed-Deposit.aspx
Enter name, city and click search option.

How to check unclaimed deposit in SBI
You can search inoperative account holders (more Than 9.5 Years) as on 31st March 2023
Visit https://sbi.co.in/web/customer-care/inoperative-accounts. Enter name and address. Enter captcha code and click Submit.

You can visit the official websites of your bank to check about unclaimed deposits. Further, you can also visit the nearest bank branch to get the details of unclaimed deposits.