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Understanding Unclaimed Deposits in India by aryanrishav11 is a document available to read on EtoBox.

Unclaimed deposits are funds in savings/current accounts inactive for 10 years or term deposits not claimed after maturity, which are transferred to the Depositor Education and Awareness Fund (DEA Fund) managed by the Reserve Bank of India. Depositors or their legal heirs can claim these funds anytime, including accrued interest, and banks are encouraged to publish lists of unclaimed deposits to aid in recovery. The RBI has launched initiatives like the UDGAM portal to help users search for unclaimed deposi

Author

aryanrishav11

Language

EN