Gujarat Titans will host Punjab Kings at the Narendra Modi Stadium in Ahmedabad on Sunday, 3 May, at 7:30 PM IST in Match 46 of IPL 2026. Gujarat have 10 points from 9 matches. With a Net Run Rate of -0.192, the Titans are ranked 5th. Punjab Kings remained unbeaten for 7 matches and lost to the
Indian man compares US tree-lined streets with India, says development shouldn’t cost treesAn Indian man in the US highlighted tree lined streets, saying development should not come at the cost of nature. Published on: May 03, 2026 5:02 PM IST By Mahipal Singh Chouhan Share via Copy link An
‘Didn’t receive any info so far': Sandeep Pathak reacts day after FIRs filed against him in PunjabAmid reports of the FIRs on Saturday, Pathak was seen leaving his Delhi residence. When approached for questions, the Rajya Sabha MP left in his car. Updated on: May 03
The lore of Sam Altman is being tested like never beforePressure on the OpenAI CEO is mounting as the onetime AI front-runner prepares for a public offering. Published on: May 03, 2026 4:23 PM IST WSJ Share via Copy link The lore of Sam Altman is being tested
Results for 2026 Assembly polls in West Bengal, Tamil Nadu, Kerala, Assam and Puducherry will be declared May 4, with counting from 8 a.m. and final outcomes expected by evening. The results of the 2026 Assembly elections across West Bengal, Tamil Nadu, Kerala
The toll in the cruise boat capsize in Madhya Pradesh’s Jabalpur district rose to 13 on Sunday after the bodies of the last two missing persons were recovered from the Bargi dam, The Hindu quoted the collector as saying. Bargi Sub-Divisional Officer of Police Anjul Ayank Mishra told PTI that
Gold Rate Today (May 3, 2026): Gold prices stay volatile amid global tensions. Check May 3 rates across Indian cities and latest MCX, IBJA, and bullion market trends. Gold Rate Today (May 3, 2026): Gold prices in India continue to show sharp movements on Sunday, May 2
Quote of the day by Audrey Hepburn: “Nothing is impossible, the word itself says, I'm possible…”Audrey Hepburn quotes remind us that nothing in this world is impossible if you decide to make it happen. Published on: May 03, 2026 4:46 PM IST By Anukriti Srivastava Share via Copy link May 4
New Delhi: The government has said that unclaimed deposits with public sector banks (PSBs) and private sector banks (PVBs) rose to more than Rs 52,174 crore in three fiscals (2022-2024) -- from Rs 42,271 crore in FY23. Balances in savings and current accounts that remain inoperative for ten years, or term deposits not claimed within ten years from the date of maturity, are classified as Unclaimed Deposits.
Unclaimed Bank Deposits Reach Rs 52,174 Crore In 2024: What Are Unclaimed Deposits, What Happens To The Money And Who Gets It Finally?
What are unclaimed bank deposits? Who gets the unclaimed bank deposit money when there is nobody to claim the amount? Here is all you want to know.
New Delhi: The government has said that unclaimed deposits with public sector banks (PSBs) and private sector banks (PVBs) rose to more than Rs 52,174 crore in three fiscals (2022-2024) -- from Rs 42,271 crore in FY23.
Balances in savings and current accounts that remain inoperative for ten years, or term deposits not claimed within ten years from the date of maturity, are classified as Unclaimed Deposits.
Add Zee News as a Preferred Source
The Unclaimed Deposits are subsequently transferred by banks to the DEA fund maintained by the central Bank.
The Depositor Education and Awareness Fund Scheme, 2014, issued by the RBI, governs the norms related to unclaimed deposits and outlines details of utilisation of the fund, including inter alia, promotion of depositors' interests and other purposes as may be specified by the RBI.
The share of unclaimed deposits with the PSBs was Rs 45,140.78 crore, and for PVBs, it was Rs 7,033.82 crore in FY24, which were transferred to the Depositor Education and Awareness (DEA) fund maintained by the Reserve Bank of India (RBI) Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply.
Meanwhile, the amount of the unclaimed funds lying with the insurance companies in three fiscals from 2022-2024 was Rs 21,718 crore.
As per the Insurance Regulatory and Development Authority (IRDAI), all insurers who have unclaimed amounts of policyholders for a period of more than 10 years are required to transfer the same with interest to the Senior Citizens' Welfare Fund (SCWF) every year.
Further, even after transfer of the unclaimed amounts to the SCWF, the policyholders/ claimant continues to be eligible to claim the amounts due under their respective policies for a period of up to 25 years.
The SCWF is utilised for such schemes for the promotion of the welfare of the senior citizens in line with the National Policy on Older Persons and the National Policy on Senior Citizens
The RBI has launched the Centralised Web Portal UDGAM (Unclaimed Deposits-Gateway to Access Information) for the public. The said portal facilitates the registered users to search unclaimed deposits/amounts across multiple banks at one place in a centralised manner.
Reserve Bank of India had recently issued its latest guidelines on inoperative accounts/ unclaimed deposits in banks. RBI has said, the amended instructions shall come into force with immediate effect.
In the latest notification --Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment) 2025 -- the RBI says that a bank shall make available the facility of updation of KYC for activation of inoperative accounts and unclaimed deposits at all branches (including non-home branches).
Further, a bank shall endeavour to provide the facility of updation of KYC in such accounts and deposits through Video-Customer Identification Process (V-CIP).
"The V-CIP related instructions under Master Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated from time to time) shall be adhered to by the bank. Additionally, the services of an authorised Business Correspondent of the bank may be utilized for activation of inoperative accounts as prescribed in paragraph 38(a)(iia) of the above Master Direction,” RBI said.
In a circular dated January 1, 2024 RBI had said the credit balance in any deposit account maintained with banks, which have not been operated upon for ten years or more, or any amount remaining unclaimed for ten years or more, as mentioned in paragraph 3(iii) of the “Depositor Education and Awareness” (DEA) Fund Scheme, 2014, are required to be transferred by banks to DEA Fund maintained by the Reserve Bank of India. There is a need to enable Business Correspondents to facilitate updation of KYC.
Source: ZeeNews
Related Posts: RBI Urges Banks To Step Up Efforts To Return Crores In Unclaimed Deposits 7 Flats, one tax claim — Dept said no, Tribunal said yes Banks step up efforts to trace owners of ₹360 crore unclaimed deposits Rs 62,314 Crore Unclaimed In Banks Across India Nirmala Sitharaman launches drive to help people claim their unclaimed assets Unclaimed Dividend Claims Govt Launches Nationwide Drive To Return ₹190 Cr In Unclaimed Bank Deposits Union Bank of India Q4 deposits rise to ₹13 Jane Street Deposits Rs 4 HDFC Bank credit-deposit gap widens as loan growth outpaces deposits
India's space sector is advancing with GalaxEye's "Mission Drishti" launch. This mission features the world's first OptoSAR satellite, integrating electro-optical and radar sensors. The satellite will provide reliable data for defense, agriculture, and disaster management
1 hours ago
Six months after finally giving birth to her first child, following a years-long struggle to conceive, Chrissy Walters was told her daughter would likely grow up without her. Walters had suffered a major bleed while at home in Toowoomba - a small city two hours inland of Brisbane - and several
1 hours ago
Aadhaar card to get new look? Govt reacts as reports claim new cards to only feature photo, QR codeSeveral reports and viral social media posts claimed that the new Aadhaar card would only feature the user's photo and a QR code. Published on: May 03
1 hours ago
OPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of Hormuz closure severely limits exports from key members. This disruption has already sent oil prices soaring
1 hours ago
He rescued Trump from one assassination attempt, now has to answer for anotherSean Curran earned the president’s trust but faces questions about whether he can implement necessary changes. Published on: May 03, 2026 4:37 PM IST WSJ Share via Copy link Sean Curran cut the storybook image of a
1 hours ago
GT vs PBKS Head-to-Head: Punjab Kings seek to rebound from their first IPL 2026 loss against Gujarat Titans. Gujarat Titans aim to extend their winning streak. Potential team changes are discussed for both sides. The head-to-head record favors Punjab Kings slightly
1 hours ago
Government raises bank employees Dearness Allowance to 25.70 percent from 25 percent for May July 2026, giving modest salary hikes based on basic pay and CPI linked inflation Bank employees will see a marginal rise in their salaries for the May–July 2026 quarter after the government revised the
1 hours ago
Taiwan has the right to engage with the world, and no country can stop that, President Lai Ching-te told Eswatini’s king after he arrived for a surprise trip that Taipei says Beijing tried to stop, as China condemned him as a “rat”. China views democratically governed Taiwan as part
1 hours ago
Kolkata Knight Riders (KKR) spinner Sunil Narine made history during the IPL 2026 match against Sunrisers Hyderabad (SRH) in Hyderabad on Sunday, as he became the first overseas player to pick 200 IPL wickets. Narine achieved the feat after he dismissed SRH's Salil Arora in the 16th over of the
1 hours ago
The Congress party has demanded the withdrawal of a Rs 10,000 airfare increase for Haj pilgrims. The party alleges the Modi government has made the pilgrimage unaffordable for average Indian families. The Haj Committee of India cited rising global fuel prices for the one-time revision
1 hours ago
Sunil Narine etches his name in IPL folklore, becomes first overseas player to achieve monumental featSunil Narine becomes first overseas player to achieve 200 IPL wickets during KKR's match against SRH, marking a significant milestone in his career. Updated on: May 03
1 hours ago
The dead bodies of the two remaining victims have been found in Bargi dam, taking the death toll in Jabalpur cruise tragedy to 13, Collector Raghvendra Singh told The Hindu on Sunday (May 3, 2026). The bodies are of Mayuram, 9, and Kamraj Arya, 39
1 hours ago
The makers of Khatron Ke Khiladi 15 have finally announced the names of two contestants. A popular TV actor who won Bigg Boss and a stand-up comedian have been confirmed as KKK 15 contestants. Khatron Ke Khiladi is finally returning with its 15th season. After the success of the previous season
1 hours ago
‘Flew 7,000 km for this’: Indian woman unimpressed by Eiffel Tower, says it ‘isn’t aesthetic’An Indian woman said Paris failed her expectations, calling the Eiffel Tower “not aesthetic” in a viral video. Published on: May 03, 2026 3:56 PM IST By Mahipal Singh Chouhan Share via Copy
1 hours ago
A former employee of JPMorgan Chase has come under renewed scrutiny after reports revealed that he had described similar allegations on an online legal chatbot months before formally accusing a senior executive of sexual harassment. The resurfaced chat has raised questions about the consistency and
1 hours ago
Priyanka Chopra Jonas, the global diva, is one of the celebrities who is often seen turning heads at the Met Gala. Known for her bold and experimental fashion choices, she has consistently delivered standout red carpet moments over the years
1 hours ago
In today’s fast-paced lifestyles, fatigue, poor sleep, and chronic stress have become increasingly common. Ayurveda, India’s ancient system of holistic healing, offers simple, time-tested daily routines (Dinacharya) that can be seamlessly integrated into modern life to restore balance and
1 hours ago
A wedding in Uttarakhand has stirred controversy after a couple chose a cremation ground as their venue. The event, held along the banks of a riverside shamshan ghat, has prompted administrative action and sparked a heated debate on social media over the limits of modern weddings and cultural
1 hours ago
Vinesh Phogat reveals she is among 6 complainants in Brij Bhushan case, alleges government inactionVinesh Phogat alleged inaction from authorities, claiming that the government and the sports ministry were “watching as spectators” Updated on: May 03
1 hours ago
The Gujarat Secondary and Higher Secondary Education Board will declare the GSEB Class 12 results tomorrow, May 4, 2026, at 10 am. Candidates can check their results on the official website at gseb.org. Students can also access their scorecards through DigiLocker
1 hours ago
West Bengal Leader of Opposition Suvendu Adhikari has raised concerns about election protocol breaches. He alleges officers are disclosing their counting day duties to associations. This could lead to undue influence and intimidation. BJP MP Saumitra Khan also flagged similar issues involving
1 hours ago
Comedian Louis CK says India has ‘functioning poverty’ which is still better than New York: ‘Nobody looks at you’Louis CK talked about his experience after visiting India and seeing how people like in small blocks which are still very cheap when compared to New York. May 3, 2026
1 hours ago
Counting for the West Bengal Legislative Assembly election begins on May 4, 2026. Results will be declared across 77 centres. The election saw a historic voter turnout of 92.93 per cent. Ten constituencies are being closely watched, including Bhabanipur, Nandigram, and Diamond Harbour
1 hours ago
Jabalpur boat tragedy: Sonu Sood demands accountability, says no boat should leave without all passengers in life jacketA cruise carrying more than 40 passengers overturned during strong winds and rough water conditions in Madhya Pradesh's Jabalpur district on Sunday morning. May 3, 2026
1 hours ago
Doctor explains how workers are affected in heat waves: 5 tests employers, family should know for early detectionPeople working in labour-intensive jobs face significantly higher health risks due to heat waves. Dr Seth explains the risks and shares tests to keep tabs. Updated on: May 03
1 hours ago
Jammu, May 3 (PTI) Udhampur Police has attached an immovable property worth Rs 40 lakh belonging to an alleged drug peddler here, officials said on Sunday. The property belongs to Rafiq Ahmed, son of Abdul Karim, a resident of Haji Basti in the Sainik Colony area of Jammu district.Jammu
1 hours ago
Mark Allen suffered a devastating final-frame defeat by Wu Yize - missing a match-winning black off its spot in an extraordinary penultimate frame that would have taken him into his first World Championship final. Wu, 22, who appears to be China's new superstar in the making
1 hours ago
