Archive · 28 Jul 2025
FinMin: Banks Hold Over ₹67,000 Crore in Unclaimed Deposits
Banks in India are holding a large sum of money, over ₹67,000 crore, in accounts that haven't been used for a decade.
If accounts are inactive for 10 years, the funds are moved to the Depositor Education and Awareness (DEA) fund managed by the RBI.
The government is working to help people find their unclaimed deposits.
A website, UDGAM, has been launched to help people search for unclaimed deposits.
Banks hold over ₹67,000 crore in unclaimed deposits.
Unclaimed deposits are transferred to the Depositor Education and Awareness (DEA) fund after 10 years.
Public sector banks hold over ₹58,000 crore in the DEA fund.
Private sector banks hold over ₹8,600 crore in the DEA fund.
RBI has taken measures to return unclaimed deposits to account holders or heirs.
- Who
- Finance Ministry and various public and private sector banks.
- What
- Banks have over ₹67,000 crore in unclaimed deposits which are transferred to the DEA fund after 10 years.
- When
- Data reported as of July 28, 2025.
- Where
- India
- Why
- To inform the public about the status of unclaimed deposits in banks and the steps taken to return them.
- Total Unclaimed Deposits
- ₹67,000 crore+
- Transfer Condition
- Inactive for 10 years
- Public Sector Banks in DEA Fund
- ₹58,000 crore+
- Private Sector Banks in DEA Fund
- ₹8,600 crore+
- DEA Fund Maintainer
- RBI
- Portal for Search
- UDGAM
Sources
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