New Delhi, March 24 – The government has intensified its efforts to help citizens recover over ₹73,000 crore in unclaimed deposits held by banks, insurance companies, and mutual funds. Regulators are implementing simplified claim processes, digital tracking platforms, and nationwide awareness...
bank deposits
customer claims
deposit tracking
digital banking
financial awareness
financial recovery
fraud prevention
incentive schemes
insurance claims
irdai
mutual funds
regulatory initiatives
reserve bank of india
sebi
unclaimeddeposits
Mumbai, March 20 The Reserve Bank announced on Friday that it has imposed a fine of ₹31.8 lakh on Hongkong and Shanghai Banking Corporation for non-compliance with certain directions related to inactive accounts and unclaimed deposits.In a statement, the Reserve Bank said that a statutory...
banking regulations
central bank
depositor education and awareness fund
financial penalty
hongkong and shanghai banking corporation
inactive accounts
india
mumbai
rbi
regulatory compliance
reserve bank of india
statutory compliance
supervisory inspection
udrn
unclaimeddeposits
New Delhi, March 17 The Supreme Court on Tuesday asked the Centre and the Reserve Bank of India why the details of the bank accounts of deceased persons could not be disclosed to heirs, and said the government must come up with a policy on the issue.A bench of Justices Vikram Nath and Sandeep...
bank accounts
banking regulations
centralized database
deceased persons
depositor education and awareness fund
estate management
financial transactions
heirs
india
insolvency
legal claims
new delhi
reserve bank of india
supreme court
unclaimeddeposits
New Delhi, February 10 Approximately ₹72,454 crore in unclaimed deposits from banks, including foreign lenders, are held by the Depositor Education and Awareness (DEA) Fund maintained by the Reserve Bank of India (RBI) as of January 28, 2026, Parliament was informed on Tuesday.The balances in...
banking regulations
depositor education and awareness fund
national cooperative development corporation
national investment and infrastructure fund
personal loans
reserve bank of india
unclaimeddeposits