Forgotten money lying in old or inactive bank accounts is not lost forever. The Reserve Bank of India (RBI) manages such funds through its , ensuring depositors or their legal heirs can reclaim the amount—along with applicable interest—even after years of inactivity. The RBI’s , launched to simplify the process, allows users to track unclaimed deposits across multiple banks in one place.

What Happens to Money in Dormant Bank Accounts?

According to the RBI, any savings or current account not operated for , or term deposits not claimed within , are classified as

Banks then transfer these funds to the on the last working day of the month following the completion of this 10-year period.

However, depositors retain the right to claim the amount at any time. There is for reclaiming these depo

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