Public sector banks in India will propose measures to the Reserve Bank of India to expedite the return of unclaimed deposits. Banks will analyze factors contributing to unclaimed funds and develop tech-based solutions. Findings will be submitted within six months, aiming to reduce the ₹78,213 crore held in unclaimed deposits as of March 2024.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.