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RBI directs banks to disclose unclaimed deposits on net
Date 8 Feb 2012 12:30:49 IST , Economic Times    Tags: Bank Entrance
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The Reserve Bank of India (RBI) has directed banks to disclose the list of unclaimed and inoperative deposit account holders, in a bid to help some claimant trace their deposits.

RBI has told banks to disclose on its website names of the account holders and their address.

In case the accounts are not in the name of individuals, RBI has said that the bank should provide the names of individuals authorised to operate the accounts.

Over the last few decades, the unclaimed amount spread over 1.03 crore bank accounts, has risen to 1,700 crore with India's largest bank SBI and its associates topping the list with unclaimed deposits of 279.7 crore.

The list should provide a 'find' option which would enable public to search the list of accounts by name of the account holder.

 
   
 



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