Lok Sabha Question No. 3491 (UNSTARRED), answered on 2018-03-16
Subject: Unclaimed Amount
Ministry: FINANCE
Asked by: SADASHIV KISAN LOKHANDE

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO. 3491 TO BE ANSWERED ON FRIDAY, MARCH 16, 2018/PHALGUNA 25, 1939 (SAKA) UNCLAIMED AMOUNT

## 3491. SHRI SADASHIV LOKHANDE:

Will the Minister of FINANCE be pleased to state:

- (a) whether huge amount are lying unclaimed deposits in the accounts of various banks in the country, if so, the details thereof, bank-wise and the reasons therefor;
- (b) whether such unclaimed accounts are not functional for many years, if so, the details thereof; and
- (c) the  steps  being  taken  by  the  Government  to  operationalise  such  account  on  to distribute  such  unclaimed  money  deposited  in  non-functional  accounts  among  the families of the depositors and if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

(a) and (b): The total unclaimed deposits reported by various banks to the Reserve Bank of India (RBI) under Section 26 of the Banking Regulation Act, 1949 as on 31.12.2017, is Rs. 11302.18 crore. Bank-wise details of unclaimed deposits as on 31.12.2017 are given in the Annex.  These  unclaimed  deposit  accounts  have  not  been  operated  upon  for  the  last  ten years.

- (c): RBI vide circular dated 21.11.2014 and 02.02.2015 has advised banks that:
- i. Special efforts may be made to trace the customers in respect of inoperative accounts.
- ii. The list of unclaimed deposits/ inoperative accounts which are inactive for ten years or more, may be displayed on their respective websites.

Further, in pursuance of the amendment to the Banking Regulation Act, 1949, and insertion of section 26A, RBI has framed the Depositor Education and Awareness Fund Scheme, 2014. Under the provisions of this Scheme, the amount to the credit of any account in India with any bank  which  has  not  been  operated  upon  for  a  period  of  ten  years  or  any  deposit  or  any amount remaining unclaimed for more than ten years shall be credited to the Fund, within a period of 3 months from the expiry of the said period of ten years. As per the scheme, the Fund  shall  be  utilised  for  promotion  of  depositors'  interests  and  for  such  other  purposes which may be necessary for promotion of depositors' interest as may be specified by RBI. The depositor would, however, be entitled to claim from the bank their deposit or any other unclaimed  amount  or  operate  their  account  after  the  expiry  of  ten  years,  even  after  such amount has been transferred to the Fund. The bank would be liable to pay the amount to the depositor/ claimant and claim refund of such amount from the Fund.

## ANNEX /अनुबंध

| STATEMENT SHOWING THE UNCLAIMED DEPOSITS (MORE THAN 10 YEARS OLD) AS ON 31ST DECEMBER 2017 31 दिसम्बर, 2017 की स्थिति के अनुसार गैर-दावाकृत राशि (10 वर्षसे अधिक पुरानी) को दर्शानेवाला विवरण।   | STATEMENT SHOWING THE UNCLAIMED DEPOSITS (MORE THAN 10 YEARS OLD) AS ON 31ST DECEMBER 2017 31 दिसम्बर, 2017 की स्थिति के अनुसार गैर-दावाकृत राशि (10 वर्षसे अधिक पुरानी) को दर्शानेवाला विवरण।   | STATEMENT SHOWING THE UNCLAIMED DEPOSITS (MORE THAN 10 YEARS OLD) AS ON 31ST DECEMBER 2017 31 दिसम्बर, 2017 की स्थिति के अनुसार गैर-दावाकृत राशि (10 वर्षसे अधिक पुरानी) को दर्शानेवाला विवरण।   | STATEMENT SHOWING THE UNCLAIMED DEPOSITS (MORE THAN 10 YEARS OLD) AS ON 31ST DECEMBER 2017 31 दिसम्बर, 2017 की स्थिति के अनुसार गैर-दावाकृत राशि (10 वर्षसे अधिक पुरानी) को दर्शानेवाला विवरण।   |
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| Sl.No. क्रमसं.                                                                                                                                                                                   | Name of the Bank                                                                                                                                                                                 | ्््् ्््््                                                                                                                                                                                       | Amount (Rs.) ्््् (््््)                                                                                                                                                                         |
| 12621162984 Nationalised Banks - ्््् ्््््््् ््््                                                                                                                                              | 12621162984 Nationalised Banks - ्््् ्््््््् ््््                                                                                                                                              | 12621162984 Nationalised Banks - ्््् ्््््््् ््््                                                                                                                                              | 12621162984 Nationalised Banks - ्््् ्््््््् ््््                                                                                                                                              |
| 1                                                                                                                                                                                                | Allahabad Bank                                                                                                                                                                                   | ्््््््् ््््                                                                                                                                                                                    | 659566382                                                                                                                                                                                        |
| 2                                                                                                                                                                                                | Andhra Bank                                                                                                                                                                                      | ््् ्््् ््््                                                                                                                                                                                    | 1885607303                                                                                                                                                                                       |
| 3                                                                                                                                                                                                | Bank of Baroda                                                                                                                                                                                   | ्््् ्् ््््््                                                                                                                                                                                   | 7162243915                                                                                                                                                                                       |
| 4                                                                                                                                                                                                | Bank of India                                                                                                                                                                                    | ्््् ्् ््््््                                                                                                                                                                                   | 4777019461                                                                                                                                                                                       |
| 5                                                                                                                                                                                                | Bank of Maharashtra                                                                                                                                                                              | ्््् ्् ््््््् ्््                                                                                                                                                                              | 1990646110                                                                                                                                                                                       |
| 6                                                                                                                                                                                                | Canara Bank                                                                                                                                                                                      | ््््् ््््                                                                                                                                                                                       | 11968681795                                                                                                                                                                                      |
| 7                                                                                                                                                                                                | Central Bank of India                                                                                                                                                                            | ्््् ्््् ्््् ्् ््््््                                                                                                                                                                         | 795982699                                                                                                                                                                                        |
| 8                                                                                                                                                                                                | Corporation Bank                                                                                                                                                                                 | ््््््््््                                                                                                                                                                                       | 96419354                                                                                                                                                                                         |
| 9                                                                                                                                                                                                | Dena Bank                                                                                                                                                                                        | ्््् ््््                                                                                                                                                                                        | 3321825144                                                                                                                                                                                       |
| 10                                                                                                                                                                                               | IDBI Bank Limited                                                                                                                                                                                | ्््् ्् ्् ्््् ्््््््                                                                                                                                                                          | 929221119                                                                                                                                                                                        |
| 11                                                                                                                                                                                               | Indian Bank                                                                                                                                                                                      | ््््््््                                                                                                                                                                                         | 6130345105                                                                                                                                                                                       |
| 12                                                                                                                                                                                               | Indian Overseas Bank                                                                                                                                                                             | ्््््््््् ््््                                                                                                                                                                                  | 5851870048                                                                                                                                                                                       |
| 13                                                                                                                                                                                               | Oriental Bank of Commerce                                                                                                                                                                        | ््््््् ्््् ्् ््््््                                                                                                                                                                           | 6184664626                                                                                                                                                                                       |
| 14                                                                                                                                                                                               | Punjab and Sind Bank                                                                                                                                                                             | ््््् ््् ्््् ््््                                                                                                                                                                              | 1497185629                                                                                                                                                                                       |
| 15                                                                                                                                                                                               | Punjab National Bank                                                                                                                                                                             | ््््् ््््् ््््                                                                                                                                                                                 | 12501428492                                                                                                                                                                                      |
| 16                                                                                                                                                                                               | Syndicate Bank                                                                                                                                                                                   | ्््््््् ््््                                                                                                                                                                                    | 5286278118                                                                                                                                                                                       |
| 17                                                                                                                                                                                               | UCO Bank                                                                                                                                                                                         | यूको बैंक                                                                                                                                                                                        | 52493909                                                                                                                                                                                         |
| 18                                                                                                                                                                                               | Union Bank of India                                                                                                                                                                              | ्््््् ्््् ्् ््््््                                                                                                                                                                            | 9498221159                                                                                                                                                                                       |
| 19                                                                                                                                                                                               | United Bank of India                                                                                                                                                                             | ्््््््् ्््् ् ््््््                                                                                                                                                                           | 1669540329                                                                                                                                                                                       |
| 20                                                                                                                                                                                               | Vijaya Bank                                                                                                                                                                                      | ््््् ््््                                                                                                                                                                                       | 648540224                                                                                                                                                                                        |
|                                                                                                                                                                                                  | Nationalised Banks Total                                                                                                                                                                         | ््् - ्््् ्््््््् ््््                                                                                                                                                                         | 82907780921                                                                                                                                                                                      |
| New Private Sector Banks - ्््् ््््््् ्् नए ््््                                                                                                                                               | New Private Sector Banks - ्््् ््््््् ्् नए ््््                                                                                                                                               | New Private Sector Banks - ्््् ््््््् ्् नए ््््                                                                                                                                               | New Private Sector Banks - ्््् ््््््् ्् नए ््््                                                                                                                                               |
| 1                                                                                                                                                                                                | Axis Bank Limited                                                                                                                                                                                | ््् ््््््् ्््््््                                                                                                                                                                              | 634546378                                                                                                                                                                                        |
| 2                                                                                                                                                                                                | DCB Bank Limited                                                                                                                                                                                 | ्््् ्् ्््् ्््््््                                                                                                                                                                             | 410186873                                                                                                                                                                                        |
| 3                                                                                                                                                                                                | HDFC Bank Limited                                                                                                                                                                                | ्््््््् ्््् ्््््््                                                                                                                                                                            | 688934388                                                                                                                                                                                        |
| 4                                                                                                                                                                                                | ICICI Bank Limited                                                                                                                                                                               | ्््््््््् ्््् ्््््््                                                                                                                                                                          | 4759052134                                                                                                                                                                                       |
| 5                                                                                                                                                                                                | Indusind Bank Limited                                                                                                                                                                            | ््््््् ्््् ्््््््                                                                                                                                                                             | 223061084                                                                                                                                                                                        |
| 6                                                                                                                                                                                                | Kotak Mahindra Bank Limited                                                                                                                                                                      | ्््् ््््् ्् ्््् ्््््््                                                                                                                                                                       | 1510879013                                                                                                                                                                                       |
| 7                                                                                                                                                                                                | YES Bank Limited                                                                                                                                                                                 | यस ्््् ्््््््                                                                                                                                                                                  | 10974095                                                                                                                                                                                         |
|                                                                                                                                                                                                  | New Private Sector Banks                                                                                                                                                                         | ्््् ््््््् ्् नए ््््                                                                                                                                                                          | 8237633965                                                                                                                                                                                       |
| Old Private Sector Banks - ्््् ््््््् ्् पुराने ््््                                                                                                                                           | Old Private Sector Banks - ्््् ््््््् ्् पुराने ््््                                                                                                                                           | Old Private Sector Banks - ्््् ््््््् ्् पुराने ््््                                                                                                                                           | Old Private Sector Banks - ्््् ््््््् ्् पुराने ््््                                                                                                                                           |
| 1                                                                                                                                                                                                | Catholic Syrian Bank Limited                                                                                                                                                                     | ््््््् ्््््् ्््् ्््््््                                                                                                                                                                      | 291686458                                                                                                                                                                                        |
| 2                                                                                                                                                                                                | City Union Bank Limited                                                                                                                                                                          | ्््् ्््््् ्््् ्््््््                                                                                                                                                                         | 310298837                                                                                                                                                                                        |
| 3                                                                                                                                                                                                | Federal Bank Limited                                                                                                                                                                             | ््््् ्््् ्््््््                                                                                                                                                                               | 928884923                                                                                                                                                                                        |
| 4                                                                                                                                                                                                | Jammu & Kashmir Bank Limited                                                                                                                                                                     | ््् ् ््् ््् ्् ्््् ्््््््                                                                                                                                                                    | 721510662                                                                                                                                                                                        |
| 5                                                                                                                                                                                                | Karnataka Bank Limited                                                                                                                                                                           | ््््््् ्््् ्््््््                                                                                                                                                                             | 886109512                                                                                                                                                                                        |
| 6                                                                                                                                                                                                | Karur Vysya Bank Limited                                                                                                                                                                         | ्््् ्््् ् ््् ्््््््                                                                                                                                                                          | 954465501                                                                                                                                                                                        |
| 7                                                                                                                                                                                                | Lakshmi Vilas Bank Limited                                                                                                                                                                       | ््््् ््््् ्््् ्््््््                                                                                                                                                                         | 5535505                                                                                                                                                                                          |
| 8                                                                                                                                                                                                | Nainital Bank Limited                                                                                                                                                                            | ््््््् ्््् ्््््््                                                                                                                                                                             | 133657887                                                                                                                                                                                        |
| 9                                                                                                                                                                                                | RBL Bank Limited                                                                                                                                                                                 | ्््््् ्््् ्््््््.                                                                                                                                                                             | 99416662                                                                                                                                                                                         |
| 10                                                                                                                                                                                               | South Indian Bank Limited                                                                                                                                                                        | ्््् ्््््््् ्््््््                                                                                                                                                                            | 765809686 584116155                                                                                                                                                                              |
| 11                                                                                                                                                                                               | Tamilnad Mercantile Bank Ltd                                                                                                                                                                     | ््््््् ्््््््््् ्््् ्््््््                                                                                                                                                                  | 244636557                                                                                                                                                                                        |
| 12                                                                                                                                                                                               | The Dhanalakshmi Bank Limited                                                                                                                                                                    | ्् ््््््् ्््््् ्््््््                                                                                                                                                                        |                                                                                                                                                                                                  |

|                             | Old Private Sector Banks                      | ्््् ््््््् ्् पुराने ््््                   | 5926128345                  |
|-----------------------------|-----------------------------------------------|-----------------------------------------------|-----------------------------|
| Foreign Banks - ्््््् ्््् | Foreign Banks - ्््््् ््््                   | Foreign Banks - ्््््् ््््                   | Foreign Banks - ्््््् ्््् |
| 1                           | AB Bank Limited                               | एबी बैंक लिमिटेड                              | 292684                      |
| 2                           | Abu Dhabi Commercial Bank PJSC                | ््् ््््््््््््््््् ््््््््                | 4357185                     |
| 3                           | American Express Banking Corp.                | अमेरिकन एक्सप्रेस बैंकिंग कारपोरेशन           | 4829702                     |
| 5                           | Bank of America, National Asso.               | ्््् ्् अमेरिका, नेशनल एसोसिएशन               | 69531835                    |
| 6                           | Bank of Bahrain & Kuwait BSC                  | ्््् ्् ््््् ्््््््् ््््््                 | 10867887                    |
| 7                           | Barclays Bank PLC                             | ््््् ््् ्््् ््््््                         | 261630                      |
| 8                           | BNP Paribas                                   | ्््््् ्््््््                                | 9687414                     |
| 9                           | Bank of Ceylon                                | ्््् ्् सीलोन                                 | 4141670                     |
| 10                          | Bank of Nova Scotia                           | ्््् ्् नोवा स्कोटिया                         | 12593682                    |
| 11                          | Citibank N.A                                  | ्््््््् ््.्.                                | 672511079                   |
| 12                          | CTBC Bank Co. Limited                         | सीटीबीसी बैंक कंपनी लिमिटेड                   | 813035                      |
| 13                          | Credit Agricole Corporate and Investment Bank | ््््््् ््््््््््््््् ््् इन्वेस्टमेंट ्््् | 12614570                    |
| 14                          | DBS Bank Limited                              | डीबीएस बैंक लिमिटेड                           | 1645595                     |
| 15                          | Deutsche Bank AG                              | ड्यूश बैंक एजी                                | 98618136                    |
| 16                          | Doha Bank QSC                                 | दोहा बैंक क्यूएससी                            | 10676016                    |
| 17                          | Hongkong and Shanghai Banking Corpn. Limited  | ्््््््् ््् ््््् ््््््् कारपोरेशन लि.      | 1050981962                  |
| 18                          | Mashreq Bank PSC                              | ््््् ्््् ््््््                             | 5771644                     |
| 19                          | Mizuho Bank Limited                           | मिजुहो बैंक लिमिटेड                           | 67207                       |
| 20                          | PT Bank Maybank Indonesia TBK                 | पीटी बैंक मेबैंक इंडोनेशिया टीबीके            | 2128454                     |
| 21                          | SBM Bank (Mauritius) Limited                  | एसबीएम बैंक (मारिशस) लिमिटेड                  | 3015037                     |
| 22                          | Shinhan Bank                                  | शिन्हानबैंक                                   | 1512842                     |
| 23                          | Standard Chartered Bank                       | ्् ्््््््् ्््््््् ््््                     | 1038269060                  |
| 24                          | The Bank of Tokyo-Mitsubishi UFJ              | ्् ्््् ्् ््््््-्््् ््््् ्््््् लि.       | 16052511                    |
| 25                          | The Royal Bank of Scotland PLC                | ्् ्््् ्््् ्् ्् ््््््् ््््््             | 297891801                   |
|                             | Foreign Banks total                           | ््् - ्््््् ््््                             | 3329132638                  |
|                             | Grand Total                                   | सकल योग                                       | 113021838853                |