The Finance Minister has asked for a special campaign to settle unclaimed deposits at the earliest. Often, unclaimed deposits in banks increase due to various reasons. You should also check if there is any benami account in your name.
Union Finance Minister Nirmala Sitharaman during the 7th meeting of the Financial Stability and Development Council (FSDC) urged the regulators on unclaimed deposits and financial sector across all segments like bank deposits, shares, and dividends, mutual funds, insurance, etc. to undertake a special drive to facilitate settlement of claims in
There have been instances of mostly deceased depositors ‘ accounts when the nominee or legal heirs fail to file a claim against the bank or banks. We will tell you what unclaimed deposits are and how you can check it.
What is unclaimed deposit?
A deposit is considered unclaimed when there is no activity for ten years or more, such as deposits or withdrawals by the depositor.
These unclaimed deposits rise when depositors fail to close their current or savings accounts or fail to inform banks about their desire to redeem matured FDs.
How to check unclaimed deposit
SBI
If you are a customer of SBI then you go to https://sbi.co.in/web/customer-care/inoperative-accounts website.
Enter name and address. Enter the captcha code and click on submit.
You can search inactive account holders (more than 9.5 years) till 31st March 2023.
You can visit the official website of the bank to know about unclaimed deposits. Apart from this, you can also visit the nearest bank branch.
Canara Bank
If you are a Canara Bank customer, you can search for unclaimed deposits in these ways.
You go to https://canarabank.com/Unclaimed-Deposit.aspx , enter your name, city and click on the search option.
HDFC bank
If you are a customer of HDFC Bank, one of the largest private banks in the country, then you can search for unclaimed deposits in this way.
Click this link-
Search your name in the search box and click. It will show the address of HDFC Bank where the deposit is made.
