Lok Sabha Question No. 4424 (UNSTARRED), answered on 2016-12-14
Subject: Unclaimed Amount in Post Offices
Ministry: COMMUNICATIONS
Asked by: BANSHILAL MAHTO

## GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF POSTS

## LOK SABHA UNSTARRED QUESTION NO.4424 TO BE ANSWERED ON 14 TH   DECEMBER, 2016

## UNCLAIMED AMOUNT IN POST OFFICES

†4424. DR. BANSHILAL MAHATO:

Will the Minister of COMMUNICATIONS be pleased to state:

- (a) whether  huge  unclaimed  amount  is  lying  in  the  saving  accounts,  public  provident funds etc. in the post offices;
- (b) if  so,  the  details  of  the  amount  lying  unclaimed  in  various  schemes,  scheme  and State-wise;
- (c) whether the Department of Posts is facing difficulties in settlement of the accounts due to unavailability of nominees, verification of the nominees and various other reasons;
- (d) if so, the details thereof; and
- (e) the measures taken/proposed to be taken by the Government for formulating a policy to disburse the unclaimed amount to the actual beneficiaries or their dependants without any hassles?

## ANSWER

## THE MINISTER OF STATE (IC) OF THE MINISTRY OF COMMUNICATIONS & MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI MANOJ SINHA)

- (a) to (d) The details of outstanding (unclaimed) amount in the post offices, scheme and state-wise is enclosed in Annexure-I . The  main reasons for outstanding (unclaimed) amount are  non      withdrawal/  encashment  of  money  by  the  depositors/  investors  after  maturity  of investment  in  small  savings  schemes  which  were  discontinued    long  back.  Efforts  are continued to make people aware about their unclaimed savings lying in post offices from time to time.
- (e) Senior Citizens Welfare Fund was established by the Central Government which will have funds from unclaimed amount lying in Small Savings Schemes, Employees' Provident Funds, Public Provided Funds etc.  which will be utilized for the welfare of senior citizens. As per para 7 (Publication of Information) of Senior Citizen's Welfare Fund Rules, 2016,
- (1) Each institution shall, before crediting the unclaimed amount to the Fund, publish the information relating to accounts in which unclaimed deposits are lying, in the manner provided under this rule.
- (2) The Institution shall identify the unclaimed amounts and prepare a list of the accounts containing details of the unclaimed amount by 30th day of September of each financial year.
- (3) The Institution shall try to contact each of the account holder of the unclaimed amount, by all reasonable means of communication, including written notice, e-mail and telephone, on at least two occasions, within a span of a period of sixty days.
- (4) The  Institution  shall  display  the  list  prepared  under  sub-rule  (2)  for  the  general information  of  the  public,  on  the  notice  boards  of  the  relevant  offices  and  on  the website of the Institution concerned for at   least a period of sixty days, inviting claims, if any.

Annexure-I Schemes-wise  Outstanding  Balances  at the close of 2014-15 (INR In Lakhs)

| Sl. No .   | Name of States                                                               | Schemes                | Schemes       | Schemes                         | Schemes           | Schemes               | Schemes                        |
|------------|------------------------------------------------------------------------------|------------------------|---------------|---------------------------------|-------------------|-----------------------|--------------------------------|
| Sl. No .   | Name of States                                                               | 1                      | 2             | 3                               | 4                 | 5                     | 6                              |
| Sl. No .   | Name of States                                                               | Mahila Samridh i Yojna | Fixed Deposit | 15 Year Cumulative Time Deposit | Indra Vikas Patra | National Defence Bond | National Defence certificat es |
| 1.         | Andhra Pradesh & Telengana                                                   | 76.64                  | 44.09         | 00.06                           | -4096.22          | 07.14                 | 01.72                          |
| 2.         | Assam                                                                        | 34.46                  | 00.00         | 02.68                           | -5558.90          | 00.24                 | -00.07                         |
| 3.         | Bihar                                                                        | -278.54                | -05.98        | 00.00                           | 2192.56           | 00.00                 | 00.00                          |
| 4.         | Delhi                                                                        | 00.06                  | -125.30       | 15.08                           | 7163.36           | 04.02                 | -00.10                         |
| 5.         | Gujarat                                                                      | 360.71                 | -11.76        | 436.70                          | - 38220.77        | 02.25                 | -12.01                         |
| 6.         | Haryana                                                                      | 08.60                  | 00.00         | 234.44                          | 440.00            | -02.37                | 00.64                          |
| 7.         | Himachal Pradesh                                                             | -11.06                 | 00.00         | 09.24                           | -249.01           | 02.59                 | 16.41                          |
| 8.         | Jammu & Kashmir                                                              | 13.70                  | 00.06         | 03.43                           | 8911.27           | -01.05                | 03.32                          |
| 9.         | Karnataka                                                                    | 51.69                  | -00.30        | 107.36                          | -2998.28          | -06.48                | -00.04                         |
| 10.        | Kerala                                                                       | 10.72                  | 01.22         | 03.85                           | -744.97           | -00.28                | -01.12                         |
| 11.        | Maharashtra & Goa                                                            | -12.40                 | 01.09         | 90.79                           | -7087.64          | -01.09                | 16.23                          |
| 12.        | Madhay Pradesh                                                               | -22.49                 | 82.85         | 484.44                          | 936.61            | 00.00                 | -00.01                         |
| 13.        | North East(Arunachal Pradesh,Meghalaya, Mizoram, Manipur, Nagaland & Tripura | 28.28                  | 00.69         | 02.27                           | -4038.00          | 00.03                 | -03.79                         |
| 14.        | Orissa                                                                       | 01.60                  | 08.52         | 00.18                           | -1030.30          | 00.00                 | 07.61                          |
| 15.        | Punjab                                                                       | 27.90                  | 00.03         | -01.27                          | -08.63            | 00.00                 | 00.00                          |
| 16.        | Rajasthan                                                                    | 116.73                 | 00.73         | 24.46                           | 6609.40           | 00.00                 | 00.66                          |
| 17.        | Tamil Nadu                                                                   | 20.72                  | -00.57        | 01.67                           | -458.17           | 00.00                 | -00.28                         |
| 18.        | Uttar Pradesh                                                                | -90.93                 | -186.79       | 00.15                           | -3279.18          | 00.00                 | 00.59                          |
| 19.        | West Bengal &SSikkim                                                         | 00.90                  | 2618.56       | 10.67                           | -8147.36          | 06.14                 | -06.51                         |
| 20.        | Chhatisgarh                                                                  | -24.05                 | -07.68        | 15.76                           | 166249.8 3        | 00.10                 | -00.05                         |
| 21.        | Jharkhand                                                                    | -16.70                 | 00.00         | 00.00                           | -73.91            | 00.00                 | 00.00                          |
| 22.        | Uttaranchal                                                                  | 01.73                  | 00.00         | 00.00                           | - 26760.61        | 00.00                 | 00.00                          |
| Total      | Total                                                                        | 298.30                 | 2419.48       | 1411.84                         | 87363.52          | 11.25                 | 23.18                          |

Cont./elipsis.3/-

| Sl. No   | Name of States                                                          | 7                                            | 8                                         | 9                                    | 10                                       | 11                                      |
|----------|-------------------------------------------------------------------------|----------------------------------------------|-------------------------------------------|--------------------------------------|------------------------------------------|-----------------------------------------|
| .        |                                                                         | 10 year National Defence Deposit Certificate | 10 Year National Plan Savings Certificate | 5 Year National Savings Certifica te | National Savings Certificate (III Issue) | National Savings Certificate (IV Issue) |
| 1.       | Andhra Pradesh & Telengana                                              | 00.00                                        | 00.00                                     | 00.00                                | 00.02                                    | 00.09                                   |
| 2.       | Assam                                                                   | 00.00                                        | 00.90                                     | 00.00                                | 00.00                                    | 11.23                                   |
| 3.       | Bihar                                                                   | 00.00                                        | 00.00                                     | 00.00                                | 00.00                                    | 15.78                                   |
| 4.       | Delhi                                                                   | 00.00                                        | 00.42                                     | -00.10                               | 00.00                                    | 00.04                                   |
| 5.       | Gujarat                                                                 | 00.25                                        | -01.97                                    | -00.18                               | 103.04                                   | -35.28                                  |
| 6.       | Haryana                                                                 | 00.00                                        | 00.00                                     | 00.01                                | 00.33                                    | 469.74                                  |
| 7.       | Himachal Pradesh                                                        | 00.00                                        | 00.01                                     | 00.01                                | 00.46                                    | 22.96                                   |
| 8.       | Jammu & Kashmir                                                         | 00.48                                        | 00.21                                     | -02.37                               | 01.16                                    | -04.87                                  |
| 9.       | Karnataka                                                               | 00.00                                        | 32.35                                     | -22.98                               | -00.15                                   | 00.84                                   |
| 10.      | Kerala                                                                  | 50.29                                        | 00.00                                     | 00.00                                | 01.44                                    | 00.21                                   |
| 11.      | Maharashtra & Goa                                                       | 00.00                                        | -07.00                                    | 315.39                               | -26.59                                   | -150.40                                 |
| 12.      | Madhay Pradesh                                                          | 02.71                                        | 00.55                                     | -00.70                               | -20.20                                   | -21.90                                  |
| 13.      | North East( Arunachal , Meghalaya, Mizoram, Manipur, Nagland & Tripura) | 00.00                                        | 01.27                                     | -00.08                               | 00.86                                    | -20.45                                  |
| 14.      | Orissa                                                                  | 00.00                                        | 00.00                                     | -01.68                               | 32.90                                    | 71.19                                   |
| 15.      | Punjab                                                                  | 00.00                                        | 00.00                                     | 00.00                                | 00.00                                    | 00.00                                   |
| 16.      | Rajasthan                                                               | 00.00                                        | 00.00                                     | 00.00                                | -00.65                                   | -02.57                                  |
| 17.      | Tamil Nadu                                                              | 00.00                                        | 00.00                                     | 00.00                                | 00.00                                    | 01.60                                   |
| 18.      | Uttar Pradesh                                                           | 00.00                                        | 00.00                                     | 16.76                                | -00.02                                   | 00.02                                   |
| 19.      | West Bengal & Sikkim                                                    | 00.00                                        | 00.00                                     | -00.15                               | -00.09                                   | -02.42                                  |
| 20.      | Chhatisgarh                                                             | 00.56                                        | 00.00                                     | 00.00                                | 00.00                                    | 00.00                                   |
| 21.      | Jharkhand                                                               | 00.00                                        | 00.00                                     | 00.00                                | 00.00                                    | 00.00                                   |
| 22.      | Uttaranchal                                                             | 00.00                                        | 00.00                                     | 5695.50                              | 00.00                                    | 00.00                                   |
| Total    | Total                                                                   | 54.31                                        | 26.95                                     | 5999.41                              | 92.54                                    | 355.78                                  |

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