Rs. 35000 Crores of unclaimed FDs of Bank customers are transferred to RBI
It's a surprising news for a layman that unclaimed amount of Rs. 35000 Crores belonging to PSU Banks has been transfered to RBI in Feb. 2023. For your information,
these unclaimed deposits were in respect of deposits which have not been operated for 10 years or more, belonged to 10.24 crore accounts. Being Banker, I request all my friends, especially Sr. Citizens, to disclose their all deposits to their family members as n when they open their account with the Bank. I clarify one thing to all of you, *in case you avail any loan from the Bank, after your demise, Bank will locate your Legal heirs to repay the loan. But in case of Deposit ( FDR) Bank will never locate you and after your demise money will be sent to RBI.* And if it comes to the knowledge of your nominees or dependents, after transfer to RBI, it will be very difficult to get back this money from RBI. *So, it is in the interest of your family members that all your Deposits should be clearly disclosed in some Diary. Only then your money will be saved from
1 comment:
KYC form can have a column in which the account holder can indicate the name of his son/daughter and aadhaar number/pan card number and his/their address to inform if the account is more than 10 years old.
The Bank can contact them.
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