The Reserve Bank of India had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the DEAF Fund shall be 4% simple interest. However the rate of interest has since been reviewed and it has been decided that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the Fund shall be 3.5% simple interest per annum with effect from July 01, 2018. The settlement of all claims received by the banks on or after July 01, 2018 will be at this rate, until further notice.
RBI vide its circular issued on March 21, 2014 has informed Banks of the establishment of the Depositor Education and Awareness Fund Scheme, 2014. As per the directive, the amount to the credit of any account in India with any bank which has not been operated upon for a period of ten years or any deposit or any amount remaining unclaimed for more than ten years has to be credited to the Fund, within a period of three months from the expiry of the said period of ten years.
As per RBI guidelines Banks have been advised that they should display the list of unclaimed deposits which are inactive / inoperative for ten years or more on their respective websites.
You can search for details of unclaimed deposit details by providing your details below. Provide your name and address (can be city / district / village) to search. If your name is matching with the data available in the search results, kindly approach the concerned branch for revival / refund of the deposit with necessary documents as proof of deposit.
(Data last updated: as on 31 October 2019)
To activate your account, please visit your base branch (branch where you have the account) with the following documents:
• Self-attested copy of your ID proof along with the original.
• Self-attested copy of your latest address proof along with the original.
• Details of account number / deposit that are in your name and are included in the list above, along with a copy of pass book/deposit receipt.
• A letter requesting to re-activate your account.