Unclaimed Bank Deposits in India Reach Rs 62,314 Crore; Awareness Campaign Launched
2 hours agoBusiness
53LENS
1 SourcesIndia
TBNthebalanced.news
Unclaimed Bank Deposits in India Reach Rs 62,314 Crore; Awareness Campaign Launched

Unclaimed deposits in Indian banks have surged to Rs 62,314 crore by the end of 2024, a significant increase from previous years. These funds, untouched for over a decade, are primarily held by public sector banks, with the State Bank of India holding the largest share. To address this growing issue, the Union Finance Minister launched an awareness campaign, 'Your Money, Your Right,' to help account holders trace and reclaim their forgotten funds.

Political Bias
33%34%33%
Sentiment
45%