New process to retrieve unclaimed bank deposits soon

Banks in India are set to introduce a new format to help recover unclaimed deposits worth over ₹78,213 crore. The new guidelines will require banks to display unclaimed deposit details online and streamline the reclaim process, making it fully operational by FY26.

Mar 25, 2025 - 00:00
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New process to retrieve unclaimed bank deposits soon
Banks in India are set to introduce a new format to help recover unclaimed deposits worth over ₹78,213 crore. The new guidelines will require banks to display unclaimed deposit details online and streamline the reclaim process, making it fully operational by FY26.

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