New process to retrieve unclaimed bank deposits soon

Banks in India are set to introduce a new format to help recover unclaimed deposits worth over ₹78,213 crore. The new guidelines will require banks to display unclaimed deposit details online and streamline the reclaim process, making it fully operational by FY26.

New process to retrieve unclaimed bank deposits soon
Banks in India are set to introduce a new format to help recover unclaimed deposits worth over ₹78,213 crore. The new guidelines will require banks to display unclaimed deposit details online and streamline the reclaim process, making it fully operational by FY26.