Unclaimed Money In Banks
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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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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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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 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.
-
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.
-
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.
