Unclaimed Money
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
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Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs
Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future.
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Gang Loots Insurance Money By Misusing Aadhaar, Opening Fake Accounts
Delhi Police arrested 5 people, including 2 ex-employees of a leading insurance firm, for allegedly cheating 22 policy holders and withdrawing Rs 2.38 crore that remained with the insurer unclaimed either as surrendered amount or after maturity.
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US Man's Claim About ChatGPT Helping Him Get $210 Goes Viral
OpenAI's chatbot, ChatGPT, is surprising people with its exceptional capabilities and even helping millions around the globe academically. Now, in the latest viral claim, the artificial intelligence (AI) tool helped a man recover unclaimed money.
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Rs 15,167 Crore Unclaimed Money Lying With Life Insurance Companies
A staggering amount of Rs 15,167 crore amount belonging to policyholders is lying unclaimed with 23 life insurance companies, according to latest regulatory data.
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RIL Tells Investors To Claim Their Dividend From IEPF Account. Details Here
Money lying unclaimed in this dividend account for seven years gets transferred to the Investor Education and Protection Fund.
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Bag With Rs 60 Lakh Old Notes Found In Ramkrishna Mission Compound
Two unclaimed bags with Rs 60 lakh in demonetised Rs 500 and Rs 1000 currencies were recovered from Laitumkhrah premises of Ramkrishna Mission in the city and handed over to the Income tax officials, police said today.
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Unions Protest Government Order To Use Unclaimed EPFO Funds
Trade unions on Tuesday decided to boycott retirement fund body EPFO trustees' meet protesting Finance Ministry's decision to use unclaimed PF money for senior citizens' welfare schemes.
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Have Not Claimed PF Money? Here Is Some Good News
The Employee Provident Fund Organization may start paying interest on the unclaimed money lying idle in the dormant accounts from April 1, The Times of India newspaper reported.
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Swiss to Publish First List of Dormant Assets in December: Report
Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.
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Tax Refunds Worth Crores Lying Unclaimed: Report
The officer said the CPC, through its field offices and other communication channels, is trying to gather correct details of the legitimate recipients of these refunds which are estimated to hold "lakhs of rupees, if not crores."
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PF: Plans to Locate Beneficiaries of Unclaimed Rs 27,000 Crore
The government is planning to locate beneficiaries through a nationwide campaign to give away an amount of about Rs 27,000 crore lying inoperative with the Employees Provident Fund Organisation (EPFO).
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Indian-Origin Man Accused of Hiding $50 Million Lottery Ticket
An Indian-origin man in Canada has been accused of hiding an unclaimed Canadian $50 million (about $44 million) lottery ticket which he allegedly bought with workplace pool money in March, media reported.
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Finance Ministry Sets Up Panel on Unclaimed PPF, Small Savings Deposits
Finance Minister Arun Jaitley has set up a committee under Reserve Bank of India (RBI) Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular Public Provident Fund (PPF) and Post Office saving schemes, and suggest steps for utilization of funds for the benefit of senior citizens.
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Unclaimed bank money to be used for depositors' education: RBI
Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank of India (RBI) said on Friday.
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
-
Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs
Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future.
-
Gang Loots Insurance Money By Misusing Aadhaar, Opening Fake Accounts
Delhi Police arrested 5 people, including 2 ex-employees of a leading insurance firm, for allegedly cheating 22 policy holders and withdrawing Rs 2.38 crore that remained with the insurer unclaimed either as surrendered amount or after maturity.
-
US Man's Claim About ChatGPT Helping Him Get $210 Goes Viral
OpenAI's chatbot, ChatGPT, is surprising people with its exceptional capabilities and even helping millions around the globe academically. Now, in the latest viral claim, the artificial intelligence (AI) tool helped a man recover unclaimed money.
-
Rs 15,167 Crore Unclaimed Money Lying With Life Insurance Companies
A staggering amount of Rs 15,167 crore amount belonging to policyholders is lying unclaimed with 23 life insurance companies, according to latest regulatory data.
-
RIL Tells Investors To Claim Their Dividend From IEPF Account. Details Here
Money lying unclaimed in this dividend account for seven years gets transferred to the Investor Education and Protection Fund.
-
Bag With Rs 60 Lakh Old Notes Found In Ramkrishna Mission Compound
Two unclaimed bags with Rs 60 lakh in demonetised Rs 500 and Rs 1000 currencies were recovered from Laitumkhrah premises of Ramkrishna Mission in the city and handed over to the Income tax officials, police said today.
-
Unions Protest Government Order To Use Unclaimed EPFO Funds
Trade unions on Tuesday decided to boycott retirement fund body EPFO trustees' meet protesting Finance Ministry's decision to use unclaimed PF money for senior citizens' welfare schemes.
-
Have Not Claimed PF Money? Here Is Some Good News
The Employee Provident Fund Organization may start paying interest on the unclaimed money lying idle in the dormant accounts from April 1, The Times of India newspaper reported.
-
Swiss to Publish First List of Dormant Assets in December: Report
Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.
-
Tax Refunds Worth Crores Lying Unclaimed: Report
The officer said the CPC, through its field offices and other communication channels, is trying to gather correct details of the legitimate recipients of these refunds which are estimated to hold "lakhs of rupees, if not crores."
-
PF: Plans to Locate Beneficiaries of Unclaimed Rs 27,000 Crore
The government is planning to locate beneficiaries through a nationwide campaign to give away an amount of about Rs 27,000 crore lying inoperative with the Employees Provident Fund Organisation (EPFO).
-
Indian-Origin Man Accused of Hiding $50 Million Lottery Ticket
An Indian-origin man in Canada has been accused of hiding an unclaimed Canadian $50 million (about $44 million) lottery ticket which he allegedly bought with workplace pool money in March, media reported.
-
Finance Ministry Sets Up Panel on Unclaimed PPF, Small Savings Deposits
Finance Minister Arun Jaitley has set up a committee under Reserve Bank of India (RBI) Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular Public Provident Fund (PPF) and Post Office saving schemes, and suggest steps for utilization of funds for the benefit of senior citizens.
-
Unclaimed bank money to be used for depositors' education: RBI
Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank of India (RBI) said on Friday.
