Archive · 24 Sep 2025

RBI Urges Banks to Return ₹67,000 Crore in Unclaimed Deposits

RBI Urges Banks to Return ₹67,000 Crore in Unclaimed Deposits

The RBI, the central bank of India, wants banks to find people who have forgotten about their money.

There's over ₹67,000 crore sitting in old, unused accounts!

This money includes savings, checking accounts, and term deposits.

Banks will actively search for owners, especially in smaller towns and villages.

The RBI has a website called UDGAM to help people find their lost money.

Unclaimed insurance money also goes to help senior citizens after a set time.

The RBI is using print and electronic media to spread awareness about this initiative.

This effort aims to ensure that people get back the money that belongs to them.

Sources