MUMBAI, India, June 12 -- Reserve Bank of India issued the following notification:
RBI/2025-26/52
DOR.SOG(LEG).REC/32/09.08.024/2025-26
June 12, 2025
All Commercial Banks (including RRBs) and all Co-operative Banks
Madam/ Dear Sir
Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment) 2025
As per instructions, issued vide circular DOR.SOG (LEG).REC/64/09.08.024/2023-24 dated January 1, 2024 (hereinafter called the extant instructions), the credit balance in any deposit account maintained with banks, which have not been operated upon for ten years or more, or any amount remaining unclaimed for ten years or more, as mentioned in paragraph 3(iii) of the "Depositor Education and Awareness" (DEA) Fund Scheme,...