New Delhi: The Reserve Bank of India (RBI) has taken a decisive step to address the growing pile of unclaimed deposits lying idle in banks across the country. According to the central bank, approximately ₹67,003 crore in dormant accounts is waiting to be returned to its rightful owners or legal heirs. This move is part of a broader effort to ensure that funds which have remained inactive for years are made accessible to the public.

Unclaimed deposits are bank funds that have remained untouched for extended periods. In the case of savings or current accounts, inactivity for 10 years classifies the account as dormant. Similarly, term deposits not claimed within 10 years from maturity are considered unclaimed. After this period, banks transfer these funds to the RBI-managed Depositor Educa

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