
Unclaimed deposits over Rs 78,000 crore! New simplified process for account holders, nominees soon to retrieve money
Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April 1. (AI image) Banks across India will introduce a new format to help account holders or nominees recover unclaimed deposits exceeding ₹78,213 crore, according to informed sources.Banks are implementing new RBI guidelines for unclaimed deposits and inactive accounts, effective April 1….