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Unclaimed Investments with Banks, Insurers, PF Organisations and Mutual Funds

When mutual fund distributor Bajaj Capital found that a certain investor had not made any new investments in mutual funds for a long time, it decided to check up on him. To their surprise, the officials found that the investor had died a few years ago and his wife had no knowledge about the Rs […]

Unclaimed Deposits/ Inoperative Accounts in Banks – Display list of Inoperative Accounts

Keeping in view public interest, it had been decided that banks should, in addition to the instructions issued by Reserve Bank of India, pay a more pro-active role in finding the whereabouts of the account holders of unclaimed deposits and inoperative accounts. Banks are, therefore, advised that they should display the list of unclaimed deposits/inoperative accounts which […]

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