Banks to return ₹67,000-cr unclaimed deposits to account holders as RBI launches drive: Report
RBI has urged banks to augment efforts to return unclaimed deposits, including interest warrants, dividends and insurance proceeds, to account holders, Business Standard reported. RBI's October-December special drive in rural and semi-urban regions will focus on accounts that have been inactive for 10+ years. The Parliament was informed in July that India had over ₹67,000-crore unclaimed deposits.