Unclaimed deposits with banks stood at over Rs 52,174 crore in FY24: Minister
New Delhi, July 29 (SocialNews.XYZ) The government on Tuesday revealed that unclaimed deposits with public sector banks (PSBs) and private sector banks (PVBs) rose to more than Rs 52,174 crore in three fiscals (2022-2024) -- from Rs 42,271 crore in FY23. The share of unclaimed deposits with the PSBs was Rs 45,140.78 crore, and for PVBs, it was Rs 7,033.82 crore in FY24, which were transferred to the Depositor Education and Awareness (DEA) fund maintained by the Reserve Bank of India (RBI), said Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply.