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.
Investment: Nirmala Sitharaman said- India is a better place for investment in terms of policy stability and transparency
India is a better place to invest in terms of policy stability and transparency. Therefore, investors should come forward to invest in potential energy resources. Finance Minister Nirmala Sitharaman
Pushpa 2: 'Pushpa 2' rocked the country and the world, made these 11 records on the very first day
Superstar Allu Arjun has officially become the king of Indian cinema. In fact, his action drama 'Pushpa 2 The Rule' has created history by taking the biggest opening at the box office. Directed by
Corona: Pirola variant of Corona found to be less infectious, study conducted in different laboratories
The new Pirola variant of Corona is less infectious in American laboratories. Research has been done in many US states of the recently revealed BA.2.86 variant and the results of all have come out
Animal Park: Animal Park will be more dangerous and scary than Animal, shooting of Ranbir's film will start from this day
Ranbir Kapoor and Rashmika Mandanna starrer Animal was one of the highest-grossing films of 2023. However, there were controversies regarding this film. Directed by Sandeep Reddy Vanga, this
India VS Zimbabwe 1st ODI Today: After 6 years, both the teams will be face to face, know the possible playing XI of both
The first match of the three-match ODI series between India and Zimbabwe will be played at Harare Sports Club today. After 6 years both the teams are going to face each other. Earlier on June 15,
CAF: Now Indian youth will be able to join the Canadian Army, these conditions will have to be fulfilled
There is good news for Indian youth living in Canada. They will now be able to join the Canadian military. According to several media reports, the Canadian Armed Forces are struggling with low troop
IGNOU Registration 2023: Apply for admission in January session in IGNOU from today, this is the process
Indira Gandhi National Open University (IGNOU) has started admission for January 2023 session. Applicants seeking admission can apply for several courses offered by the university at the official
Pakistan-Saudi Arabia missing from the list of US security allies; The biggest challenge told to China
The US has not mentioned Pakistan and Saudi Arabia in its list of security allies for the year 2022. These two countries were once key allies in the US national security strategy. According to the
VVKWWV: Alia Bhatt's Jigra could not stand in front of 'Vicky Vidya', it became a must-watch movie due to these 5 reasons
Romantic comedy films have always been considered the key to success in Hindi cinema. A new name is being added to this list, Rajkummar Rao and Tripti Dimri starrer film Vicky Vidya Ka Woh Wala Video,
How is the amendment in the Waqf Bill beneficial for Muslims? Minority Minister Kiren Rijiju answered every question.
Union Minister for Minority Affairs Kiren Rijiju said that the purpose of passing the Waqf Amendment Bill is to protect the properties of Muslims and these properties will be handed over to their real
