Bhubaneswar, May 25 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/RBI_1738910522.jpg
The Reserve Bank of India (RBI) has released a draft circular on inoperative accounts/ unclaimed deposits in banks- Revised Instructions (Amendment) 2025. The RBI has also invited comments on the draft circular from the public/ stakeholders till June 6, 2025.
As per the RBI circular issued in 2024, 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, 2014) are required to be transferred by banks to DEA Fund maintained by the...