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Bank Unclaimed Deposit: By June 30, 2025, the ‘uncured deposit’ in the country’s banks has gone beyond 67,000 crores. No contenders for these money are being found. The Finance Ministry informed in Parliament on Monday that these money has been transferred to the Reserve Bank of India (RBI) Depositors Education and Awareness (DEA) funds.
SBI has the highest ‘uncured deposits’
SBI tops the list. It was 29 percent stake in the ‘uncured deposit’. SBI transferred Rs 19,329.92 crore. After this, Punjab National Bank is at number two with Rs 6,910.67 crore, Canara Bank is at number three with Rs 6,278.14 crore and ICICI Bank with Rs 2,063.45 crore. Minister of State for Finance Pankaj Chaudhary told in the Lok Sabha that 87 percent of the total deposits without claims (Rs 58,330.26 crore) were with the government banks.
What is ‘Unclaved Deposit’?
‘Unclamed deposit’ means the amount deposited in the bank or current account in which nothing has been done for 10 years. That is, when no account is operated for 10 years, it is called ‘uncured’ and the amount deposited in it is transferred to DEA fund. The money deposited in the DEA fund also includes interest on it. In addition to the money deposited in savings or current account, fixed deposits, RD, bank drafts, pay orders, money lying in bankers check are also transferred to Dea Fund.
Can you claim money in DEA fund?
If you want, you can stake your claim on the ‘uncured deposit’ transferred to Dea Fund. For this, first you have to contact your bank. The bank will check all your documents and will return the money to you if found right. It will be compensated with DEA fund only. There is no time limit to claimless money. You can claim it whenever you want. However, for such a situation, there is a need to keep transactions from time to time in the bank account and keep bank details updates.
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