Over Rs 72,000 crore in unclaimed bank deposits, untouched for a decade, have been transferred to the RBI’s Depositor Education and Awareness Fund. Public sector banks hold the largest portion. The government has launched UDGAM to help people trace their money and introduced measures to prevent further accumulation, aiming to boost financial literacy. Over Rs 72,000 crore in unclaimed bank deposits, untouched for a decade, have been transferred to the RBI’s Depositor Education and Awareness Fund. Public sector banks hold the largest portion. The government has launched UDGAM to help people trace their money and introduced measures to prevent further accumulation, aiming to boost financial literacy.
Trending
- ‘Washing dirty linen in court’: HC tells kin of late industrialist Sunjay Kapur to go for mediation
- Shift officials posted in home dists: EC to poll-bound states
- ED summons Anil, Tina in Rs 40,000cr bank fraud case
- Understand & respect India’s UNSC ‘membership aspirations’: China
- AI Summit effect: Hotel suites at Rs 30L a night
- Any copies in circulation amount to copyright infringement, says Penguin
- Not published yet, say publisher & General Naravane on memoirs
- Love, but no passage: What a killing changed for Meitei-Kuki couples
Over Rs 72,000 crore in unclaimed bank deposits transferred to RBI fund: Government
By
Add A Comment