How much money do you have in your bank account? You will remember this very well. There will be many of you who must have also remembered how much money is in which account. But the surprising thing is that out of the total bank accounts of the country, 35% i.e. 25.63 crore accounts are such which are lying dormant for the last year. According to the World Bank's latest Global Findex report, this number of inactive accounts is the highest in the world.
When an account remains inactive for more than 10 years, the bank hands over the amount lying in it to the RBI. This amount is deposited in the Depositors Education and Awareness (DEA) Fund of RBI. There was a total of Rs 48,262 crore in this DEA fund of RBI as on 31 March 2022. This is more than the annual budget of a small state like Manipur, Tripura, or Mizoram.
While banks are troubled by the expenditure on the maintenance of dormant accounts, the RBI is concerned that the possibility of fraud through these accounts is high and the amount lying in them can also be misused. In 2009 itself, RBI had made a guideline for dormant accounts and instructed banks to run a campaign to activate them, but the number of these accounts has increased instead of decreasing.
The World Bank believes that dormant accounts indicate that these account holders have not been able to connect with the main economic stream. This situation is even more worrying for India because on the one hand, a large part of the world's population without a bank account is in India. At the same time, account holders in India also do not use it in digital transactions. Know which accounts are inactive and how the World Bank checks the economic health of the country with these accounts.
Nasal vaccine will not be able to be taken after booster: No fourth dose in CoWIN, 4-5 vaccine takers in other countries are also getting infected
The nasal vaccine cannot be administered in the country to people who have received a booster dose. Dr. NK Arora, Chief of India's Vaccine Task Force said this in an interview given to NDTV. He said
Elvish Yadav: Shocking confession of Elvish, said- Yes, I used to supply snakes and their poison in parties.
Elvish Yadav: Bigg Boss winner and famous YouTuber Elvish Yadav was sent to judicial custody for 14 days. Noida Police team had called Elvish Yadav for questioning on Sunday. After which he was
Shubman vs Vihari: Is Hanuma Vihari better than Shubman Gill on foreign pitches? Statistics are the witness, you also take a look
India had to face a crushing defeat in the first Test against South Africa played in Centurion. The team led by Temba Bavuma defeated the Indian team by an innings and 32 runs. After this defeat,
UPMSP Result 2023: Practical of students who did not miss the result from today, high school and inter results before this date
UPMSP 10th, 12th Result 2023: On the one hand, in a fake official release viral on social media, misleading claims were being made that the UP Board Result 2023 of High School and Intermediate would
Animal Trailer: The explosive trailer of 'Animal' will come this afternoon, the record of the fastest one million likes is likely to be broken.
The trailer of the long-awaited film 'Animal' starring Ranbir Kapoor, Rashmika Mandanna, Bobby Deol, Anil Kapoor, Suresh Oberoi, and Prem Chopra will be released on YouTube around 1 pm on Thursday.
Amravati Murder: Tablighi Jamaat behind Umesh Kolhe's murder, Nupur Sharma was murdered after sharing his post
The National Investigation Agency (NIA) has disclosed the Pharmacist Umesh Kolhe Murder Case in Amravati, Maharashtra. The NIA claims that Umesh Kolhe was killed by radical Islamists of the Tablighi
Emergency Alert: Have you received the emergency alert from the Department of Telecom on your phone, know what the government said?
If you have received an emergency alert on your phone today i.e. on July 20, then you do not need to worry. “Emergency Alert: Severe” message has come on the phones of many people at
Prayagraj: Politics started on Sambhal violence, SP put up controversial posters in Prayagraj, and police removed them
Politics has now started regarding the violence that took place during the survey of the mosque in Sambhal, UP. Samajwadi Party has targeted the Yogi government of the state by putting up a
Gyanvapi Masjid Case: Hearing on surveillance petition in the archaeological survey including handing over Gyanvapi to Hindus today
Two important cases are going to be heard in Adalam today in the Gyanvapi Masjid episode. The first case is on behalf of Vishva Vedic Sanatan Sangh on handing over the worship and premises of Adi
International Education Day: This district of UP is becoming a stronghold of higher education, 10 thousand students from 40 countries are studying
Gautam Buddha Nagar is now being recognized internationally in the field of education as well. Every year more than 10 thousand foreign students are admitted to various institutions to study. Students
