New Delhi: If you have a savings or current account in the bank, then there is important news for you. Because from June 1, there is going to be a big change in the account of both these categories. However, there is no need to panic, this change will be regarding unclaimed deposits. RBI has started ‘100 Days 100 Pay’ for this. Banks will have to settle the unclaimed amount lying in the accounts during this time period.
Account holders who have not used their savings or current account for at least 10 years. If there is some deposit left in these, then from June 1, 2023, it will be necessary for the banks to settle the amount deposited in these accounts. Let us know about this campaign of RBI…
Unclaimed amount lying in accounts for 10 years
As per RBI guidelines, balance deposits in savings and current accounts lying idle for 10 years, or term deposits that have not been claimed within 10 years from the date of maturity, are classified as “unclaimed deposits”. Has been done. These amounts are transferred by the banks to the Depositor Education and Awareness (DEA) Fund created by the Reserve Bank of India.
RBI had announced
While announcing the monetary policy in April 2023, the RBI said, “Protection of capital of depositors is a broad objective, RBI is taking various measures to ensure that these deposits do not go unclaimed and existing unclaimed deposits are processed as per due process.” be returned to the rightful owners or beneficiaries after compliance.”
How to apply, what documents will be required?
If your money is also lying in the bank as an unclaimed amount, then you have to visit the bank branch or website to claim it. Here the claim has to be submitted after filling and signing the claim form. Available information related to the account like passbook etc. will have to be submitted. Apart from this, the unclaimed deposit amount will be known even after entering the account-related information online.
Banks have to mail the application along with relevant documents for unclaimed amounts. If you want, you can also deposit directly by going to the bank. A signed request form for refund of the claim amount mentioning the account number, passport size photo with signature, photocopy of address proof, Passport, Voter ID, DL, and Aadhaar card can be used for this.
After this, on May 12, RBI announced the ‘100 Days 100 Pay’ campaign for banks to find out these unclaimed deposits and settle them. Under this, every bank in every district of the country will have to settle 100 unclaimed deposits within 100 days only. Banks have been instructed to start this campaign from June 1, 2023.
Let us tell you that according to government statistics, till February 2023, 35,102 crores are lying unclaimed in different banks of the country, for which no one has claimed. Minister of State for Finance Bhagwat Karad informed about this in the Parliament.
