Search result for 'unclaimed deposits'

RBI Governor urges banks to transmit rate cut to customers for sustainable growth. Focus on customer service, digital fraud safeguards.

RBI to focus on transmission of rate cuts to lending rates. Expects moderation in deposit rates. Real interest rates are high.

1.11 Cr new Jan Dhan accounts opened during the 4-month Nationwide Financial Inclusion Saturation Campaign. Details on PMSBY, PMJJBY, APY enrolments.

Rs 452 crore in unclaimed deposits lie in Thane banks. A special campaign helps people reclaim funds. Check RBI UDGAM portal or visit bank branches.

RBI launches incentive scheme for banks to reduce unclaimed deposits. Banks get payouts for reactivating inoperative accounts. Learn more!

Over 2.3 lakh camps organised for financial inclusion, resulting in 61 lakh new PMJDY accounts and 2.6 crore Jan Suraksha enrollments.

Government committed to financial inclusion, with 55.9 cr Jan Dhan accounts opened. Banks deepen FI schemes & re-KYC drive.

Unclaimed deposits in Indian banks reach Rs 67,003 crore. Public sector banks hold the majority, with SBI leading. RBI's UDGAM portal helps locate funds.

Finance Minister Nirmala Sitharaman pushes for faster refunds of unclaimed deposits and streamlined KYC processes. Regulators urged to expedite claims and improve digital onboarding.

Unclaimed deposits with banks surged 26% to ₹78,213 crore in FY24. The RBI's annual report reveals the increase, driven by deposits remaining inactive for over 10 years. The central bank has...

The RBI's UDGAM portal now has 30 banks facilitating searches for unclaimed deposits. The portal allows users to search across multiple banks for unclaimed accounts and provides information on the...

The Reserve Bank of India (RBI) has issued guidelines for banks to periodically undertake special drives to locate customers with unclaimed deposits and reduce their volume. The new rules,...

Unclaimed deposits with banks in India rose by 28% to Rs 42,270 crore in FY23, Parliament was informed. Read more about the reasons and RBI's efforts to reduce unclaimed deposits.