Banking: Forgot the money in your old bank account? Follow these 3 steps to get the full amount..

Have you ever opened an old bank account and now forgotten about it, or has a family member's money been sitting idle in the bank? If the answer is yes, then there's no need to worry. This news is for you. The Reserve Bank of India is now fully assisting you in getting your rights. Banks transfer money lying in inactive accounts, i.e., inactive accounts for more than two years or unclaimed deposits older than 10 years, to the RBI's DEA fund. But now you or your legal heirs can claim it at any time. The RBI has made it so easy that you can get your entire money back in just three steps.

According to the RBI, crores of rupees lie in such unclaimed deposits across the country. This money comes from inactive accounts where there are no transactions for two years. If 10 years pass, banks transfer it to the DEA (Depositor Education and Awareness) fund. But this money is yours and can always be claimed. The RBI has clarified that there is no time limit. You can claim these at any time.

How to find your unclaimed money?
First, visit the RBI's official website:
https://www.rbi.org.in/Scripts/DepositorEducation.aspx.

Search your name or that of a family member here. You will find a complete list of how much money is deposited in which bank.

Furthermore, special camps for unclaimed assets are being held in all districts across the country from October to December. Go to these camps and seek direct assistance.

How to Claim
Go to any bank branch—not necessarily the original bank. Visit any bank branch of your choice. Obtain and fill out a claim form there.

KYC Proof—Provide any valid document, such as voter ID, driving license, Aadhaar card, passport, NREGA card, etc., as ID and address proof. If heirs are claiming, legal documents such as a death certificate will also be required.

Funds will be disbursed after verification - The bank will verify and transfer the full amount from the RBI's DEA fund. The process is quick, and there are no additional charges.

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