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The Reserve Bank of India (RBI) has directed banks to actively return unclaimed deposits to rightful owners, nominees, or heirs between October and December 2025. Balances inactive for over 10 years will be processed faster with simplified KYC norms and the UDGAM portal. The move aims to improve customer welfare, clean up bank balance sheets, and boost financial inclusion.
short by / 09:40 am on 30 Sep
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