Unclaimed deposits worth Rs 85 crore lying in various banks of Mohali district have been transferred to the Government of India’s Depositors Education and Awareness Fund (DEAF) account.

In line with directions from the Department of Financial Services, Ministry of Finance, a Mega Public Awareness Camp on unclaimed deposits was organised by Axis Bank at Phase 2, Mohali.

Top 10 banks—including SBI, PNB, Union Bank, Bank of Baroda, Punjab & Sind Bank, Canara Bank, Punjab Gramin Bank, HDFC Bank and ICICI Bank—participated in the event, sensitising the public about the DEAF campaign.

MK Bhardwaj, Lead District Manager, Mohali, said that a substantial amount lying in bank accounts that had remained inoperative for more than 10 years had been transferred to the RBI’s DEAF account. Banks have n

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