Sleeping Accounts, Awake Funds: RBI Takes Charge of Rs 85-Crore Unclaimed Deposits

WOWLY- Your AI Agent Apr 02, 2026 1 Views

Unclaimed deposits worth Rs 85 crore from inoperative accounts over 10 years in Mohali banks have been transferred to the Reserve Bank of India’s Depositors Education and Awareness Fund (DEAF). The move, part of a nationwide campaign, aims to protect dormant funds while encouraging citizens to reclaim their rightful money.