How to get your money from Unclaimed Deposits


Unclaimed Deposits

The balances in savings/current accounts which are not been operated for 10 years, including term deposits not claimed within 10 years from the date of maturity will be classified as Unclaimed Deposits

This amount will be transferred to ‘Depositor Education and Awareness’ (DEA) Fund maintained by the RBI

  • How to claim the unclaimed deposits?

Every bank is required to show the details of unclaimed accounts on its website, as per the RBI regulations. After checking the details on the website, customers can visit the bank branch with a duly filled claim form, and receipts of the deposits, and know your customer's (KYC) documents to claim the money.

  • How nominees can claim the unclaimed deposits

If you are the nominee, you need to visit the bank with the deposit receipts, identity proof, and a copy of the death certificate of the account holder. After verifying the claim, the bank will release the money.

To avoid the risk of unclaimed deposits, individuals can take several important steps.

1) Add nominees

One of the most important steps is to appoint a nominee for their bank accounts or deposits. This ensures that if anything happens to the account holder, the nominee can claim the funds or assets without any delay.

2) Share bank accounts and deposits details with family members

It's also important to share the details of bank accounts and deposits with family members, so they are aware of the accounts and can access them in case of a mishap.

3) Update KYC

Regularly updating KYC (Know Your Customer) details with the bank is crucial to receive regular communications and alerts from the bank. This helps to stay informed about any changes or updates related to the account or deposits.

4) Close all your extra accounts

Another important step is to close down any unwanted or extra accounts and maintain only 1-2 accounts for day-to-day living. This simplifies managing accounts and reduces the risk of losing track of one’s accounts.

5) Keep FD slips safe

Finally, keeping FD slips safely is important as they serve as evidence of ownership and can be used to claim the funds at maturity. By following these steps, individuals can reduce the risk of unclaimed deposits and ensure that their hard-earned money is safe and easily accessible.

Expiring In 23 days
5 Dimers
  • Sort By
Cool Cool
Link Copied

Thanks for sharing this information

Deal Lieutenant Deal Lieutenant
Link Copied

If they have all phone and address why not contact in first place

Glitterati Glitterati
Link Copied


You can also add how to search the name online!

Just go to Google and Search Unclaimed Deposits "HDFC"/"ICICI"/"SBI"/"Kotak",etc.

you will get the link search the name and check the name!

Click here to reply