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RBI reports unclaimed deposits soar to ₹760 crore monthly!

RBI reports unclaimed deposits soar to ₹760 crore monthly!

The Reserve Bank of India announced that unclaimed deposits have skyrocketed to ₹760 crore per month since October, up from just ₹180 crore earlier! Thanks to a nationwide campaign and incentives, people are finally getting their money back. Special camps in 748 districts helped reclaim around ₹2,000 crore. It's a money party, and everyone’s invited!

Quick rundown

  1. RBI's campaign boosts unclaimed deposit payouts.
  2. Monthly payouts jump from Rs 180 crore to Rs 760 crore.
  3. Government's 'Your Money, Your Right' campaign aids asset recovery.
  4. RBI collaborates with major financial regulators for asset restitution.
  5. UDGAM portal empowers users to claim unclaimed deposits efficiently.

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