Updated: Apr 3 2023 4:57PM
New Delhi, Apr 3 (PTI) About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed on Monday.
These unclaimed deposits belong to 10.24 crore accounts transferred to the Reserve Bank of India (RBI) as of the end of February 2023.
“As per information available with the RBI, as of the end of February 2023, the total amount of unclaimed deposits transferred to RBI by PSBs in respect of deposits which have not been operated for 10 years or more was Rs 35,012 crore,” Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha.
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