Unclaimed Deposits

Indian Banks, Mutual Fund AMCs, Insurance Companies have more than ₹48,000 Crore in Unclaimed Deposits

There has to be a Portal where beneficiaries can check information and claim their money.

Can LocalCircles please take up this issue? more

Helpful Transforming India Feb 02

Viewed by 4805

View all 19 comments Below 19 comments

H.P. Gurg

Govt must try to locate the persons and verify and make payments. These people may be poor, uneducated, old, or deprived class or may have lost papers in in calamities. more

Feb 17

DR Singh (None)

Fully support this proposal. Local Circle should project it to GOI for action. more

Feb 03

Kuppuswamy Krishnan

Aadhar and /or PAN can be used to verify the person and one portal leading to different sites like bank Fds, mutual funds, equities,PF accounts etc. more

Feb 02

C.S. Narayanan

Our Finance Minister compares other countries in inflation and feels better. Other countries like US does have a link to claim these unclaimed deposits with sufficient proof. Will FM follow that? more

Feb 02

Saripalli Suryanarayana

The links have to be placed separately at every utility place But we also get fake claims. Definitely fake documents for withdrawal also will be there more

Feb 02

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