RBI Unclaimed Money: Have you also forgotten by depositing money in the bank? Now RBI will take this step


Posted on 27th Jul 2022 02:25 pm by rohit kumar

The whole world is in danger of recession. Inflation is also at its peak in India. The pockets of common people are empty due to inflation, but billions of rupees are lying idle in the banks of the country. There is no parent for this money. Now the government is going to start a campaign to transfer this money to their rightful heirs. According to RBI data, the unclaimed money lying in the accounts is the highest in eight states of the country. These eight states include Tamil Nadu, Punjab, Gujarat, Maharashtra, Bengal, Karnataka, Bihar and Telangana and Andhra Pradesh.

 

According to the annual report of the Reserve Bank of India, the total unclaimed amount lying in bank accounts in the year 2020-21 was Rs 39,264 crore, which increased to Rs 48,262 crore in the year 2021-22. Now RBI is going to launch a campaign to find the real claimants of these deposits.

 

How is the unclaimed amount determined?

 

As per the provisions of Reserve Bank of India, if no deposit or withdrawal is made from a savings or current account for ten years, then the amount lying in that account is treated as unclaimed money. Similarly, if no claim is made on a fixed deposit after ten years of its tenure, then it is also kept in the category of unclaimed money.

 

Interest keeps getting credited in the account

 

According to the country's central bank RBI, interest continues to be made on this unclaimed amount lying in different banks of the country. In such a situation, the people who have this amount or their dependents can claim this amount anytime by going to the respective banks. By doing this their account will be re-opened and they will get their deposited amount with interest. Then, they will be able to withdraw that deposited amount.

 

RBI will start campaign to find claimants

 

Now the RBI is going to start a campaign to find the claimants of such accounts. RBI says that despite conducting awareness campaigns several times, unclaimed funds are increasing, their real owners are not coming out. Now to bring them to the fore, banks will once again make people aware about this.

 

Also Read: 5G Spectrum Auction: Auction of 5G spectrum begins, Ambani and Adani companies face to face

1 Like 0 Dislike
Previous news Next news
Other news

CSK vs PBKS: Punjab's fourth win against Chennai at Chepauk, hopes of reaching playoffs remain intact

Based on excellent batting by Jonny Bairstow and Riley Rossouw, Punjab Kings defeated C

Imran Khan also clashed with the new army chief: Said- Our army has not learned a lesson from history, it is still doing politics

Former Pakistan Prime Minister Imran Khan is now angry with the new Army Chief General Asim Munir

'Even if the person is guilty, the house cannot be demolished'; When the Supreme Court showed strictness on the bulldozer action, what was the Yogi government's reply?

On Monday, the Supreme Court questioned the administration's bulldozing of the houses of the accu

Gujarat HC reprimands civic body on Morbi accident: Said- they are becoming smarter, be present tomorrow to answer

The Gujarat High Court has strongly reprimanded the Morbi civic body for the 137 deaths in the Mo

England won in Pakistan's home after 17 years: Won the first T20 match by 6 wickets, Hales-Brook played match-winning innings

England started the tour of Pakistan on a winning note, thanks to the precise bowling of left-arm

T20 World Cup 2024: Which 5 teams are included in Group C? Two-time champion West Indies and this team has the heaviest advantage

This time 20 teams are participating in the T-20 World Cup to be held in America and We

Manipur Violence: Internet services restored after violence in four districts of Manipur, a step taken on the instructions of the High Court

The Manipur government has lifted the mobile internet ban in four hill district headquarters, sec

26/11 Mumbai Terrorist Attack: That black night of terror, read how the attack was carried out over four days

It has been 14 years since 10 Lashkar-e-Taiba terrorists attacked India's financial hub Mumbai on

A mock drill will be conducted at five places in every district of Delhi, time has been fixed for each area.

On Wednesday evening, mock drills will be held at five places in every district of Delhi. War sir

Covid-19 in India: So far 39 foreign travelers have been found corona positive in India, rapid testing is being done at all airports

Corona cases are continuously increasing in many countries including China. In such a situation,

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash