Financial Express
- Apr 10

SBI to PNB, bank-wise list of unclaimed deposits of PSBs with RBI and what it plans to do

In a development that will help people to trace their unclaimed deposits lying in banks, the Reserve Bank of India (RBI) has decided to develop a web portal to enable search across multiple banks for possible unclaimed deposits.

Public Sector Banks (PSBs), including SBI and PNB, transferred Rs 35,012 crore of unclaimed bank deposits to RBI at the end of February 2023. These deposits have been lying in banks unclaimed for 10 years or more.