Unclaimed Funds: Banks Transfer Rs 60,518 Cr to RBI

New Delhi, Mar 24 (PTI) The unclaimed amount transferred by public sector banks to the Depositor Education and Awareness (DEA) Fund of the Reserve Bank of India stood at Rs 60,518 crore at end-January 2026, the Rajya Sabha was informed on Tuesday.

Also, the unclaimed insurance amount outstanding with the insurers was Rs 8,973.89 crore at February-end and the value of unclaimed amounts in mutual funds under SEBI regulations was Rs 3,749.34 crore, Minister of State for Finance Pankaj Chaudhary said in a written reply to the House.

In order to ensure timely identification of rightful claimants, reducing both the existing stock of unclaimed financial assets as well as the fresh accretion to it and to simplify and expedite the claim process for citizens, various measures have been undertaken by the financial sector regulators, he said.


To another question, the minister said the government has reviewed the investors' interest in Sovereign Green Bonds (SGrBs).

The average bid-cover ratio, an indicator of interest to purchase bond in auction, for SGrBs has so far remained above 2 since inception in FY 2022-23. The bid-cover ratio in FY 2025-26 stands at 2.32.

"The investors of SGrBs offered a greenium (premium over conventional bonds of the same maturity) of 7 basis points in the latest auction held on November 28, 2025 indicating that the bonds remain an attractive option for investors," Chaudhary said.

He also informed the House there is no proposal to introduce tax incentives for Sovereign Green Bond investors to strengthen climate finance mobilisation.