Unclaimed Deposits &
DEAF
Information regarding Inoperative Accounts and the Depositor Education and Awareness Fund.
What are Unclaimed Deposits?
As per the guidelines of the Reserve Bank of India (RBI), balances in savings or current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity, are classified as "Unclaimed Deposits".
These amounts are transferred by banks to the Depositor Education and Awareness Fund (DEAF) maintained by the RBI. However, depositors or their legal heirs are still entitled to claim these funds from the bank at any time.
How to Claim Your Unclaimed Deposits
Claiming your inoperative account or unclaimed deposit is a straightforward process. Follow these steps:
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Search the Directory: Use our online search tool (linked above) to verify if your name or your relative's name appears in our Unclaimed Deposits database.
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Gather Documents: Collect the necessary identification, address proof, and any old banking documents you may have (like passbooks or fixed deposit receipts).
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Visit Your Branch: Visit your home branch, submit the claim form along with your KYC documents, and the branch will process the reactivation or payout.
Required Documents for Claiming
Please bring the following original documents along with one set of self-attested photocopies to your branch:
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Claim Form: Duly filled and signed Unclaimed Deposit Claim Form (available at the branch).
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Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
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Address Proof: Aadhaar Card, Utility Bill, or any valid OVD (Officially Valid Document).
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Banking Evidence: Old Passbook, Cheque Book, or Term Deposit Receipt (if available).
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Recent Photographs: Two recent passport-size photographs of the account holder/claimant.