₹ 11,300/- Crore Unclaimed Money Lying with 64 Banks: RBI
18 Mar 2018
As per the report of RBI, it had been found that a sum of Rs 11,300 core is said to be lying unattended with around 64 banks across India.
As per Report SBI holds Rs 1,262 crore as unclaimed money. Apart from SBI’s thousands of crores, recently defrauded government-owned Punjab National bank has around Rs 1,250 crore in its vaults. Apart from the two majors, reset 62 nationalised banks together hold the remaining amount. According to a report by TOI, former RBI chair professor said that it is likely that most of these bank accounts belong to either deceased or perhaps people with multiple accounts.
