Web Sify
Follow us on
Mail
Print

Tipping point

Source : BUSINESS_STANDARD
Last Updated: Sun, Oct 13, 2013 22:35 hrs
A cashier counts currency notes as customers wait inside a bank in Hyderabad

How do you trace an unclaimed bank deposit?
Banks display a list of unclaimed deposits or inoperative account numbers on their websites. These are the ones which have been inactive for 10 years or more. The list will only have the names of the account holder(s) and their address.

How do you claim the deposit from the bank?
Banks have been directed by the Reserve Bank of India to give information on the claim process and also help customers activate the inoperative account(s). Banks also provide the necessary forms and documents online for claiming this.


More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify finance