Unclaimed Bank Deposits in India Reach Over Rs 62,000 Crore, RBI Report Shows
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Unclaimed Bank Deposits in India Reach Over Rs 62,000 Crore, RBI Report Shows

A Reserve Bank of India (RBI) report reveals that unclaimed deposits in Indian banks have reached Rs 62,314 crore by the end of 2024. The majority of these dormant funds, totaling Rs 50,907.91 crore, are held in public sector banks. These unclaimed amounts pertain to accounts that have been inactive for ten years or more, prompting concerns about depositor awareness and accessibility.

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