Over Rs.67000 crore lying unclaimed in Banks in India, Check Bank Wise Data

Did You Know? As of 30.06.2025, ₹58,330.26 crore is lying unclaimed in Public Sector Banks, and ₹8,673.72 crore is unclaimed in Private Sector Banks. This means a massive amount of money is sitting idle in banks, and no one knows who it belongs to.

The Depositor Education and Awareness Fund Scheme (2014) was introduced by the Reserve Bank of India (RBI) to manage unclaimed bank deposits and use the funds for the benefit of depositors.

According to this scheme, if money in savings or current accounts remains untouched for 10 years, or if fixed deposits are not claimed within 10 years of maturity, they are declared as unclaimed deposits. These amounts are then transferred by banks to the Depositor Education and Awareness (DEA) Fund, which is managed by the RBI.

However, it is important to note that Non-Banking Financial Companies (NBFCs) are not required to transfer unclaimed deposits to this fund.

Depositor Education and Awareness Fund Bank-wise Balances as on 30.6.2025 – Public Sector Banks

S. No.	Name of the bank	Total amount in ₹ crores
1	Bank of Baroda	5,277.36
2	Bank of India	3,933.88
3	Bank of Maharashtra	1,134.81
4	Canara Bank	6,278.14
5	Central Bank of India	2,091.94
6	Indian Bank	3,739.82
7	Indian Overseas Bank	2,385.78
8	Punjab and Sind Bank	831.46
9	Punjab National Bank	6,910.67
10	UCO Bank	1,311.99
11	Union Bank of India	5,104.50
12	State Bank of India	19,329.92
Total		58,330.26

Depositor Education and Awareness Fund Bank-wise Balances as on 30.6.2025 – Private Sector Banks

S. No.	Name of the bank	Total amount in ₹ crores
1	IDBI Bank Ltd	589.77
2	The Catholic Syrian Bank Ltd	87.75
3	City Union Bank Ltd	131.23
4	Dhanlaxmi Bank Ltd	101.09
5	Federal Bank Ltd	347.72
6	The Jammu & Kashmir Bank Ltd	363.21
7	Karnataka Bank Ltd	329.83
8	The Karur Vysya Bank Ltd	258.04
9	The Nainital Bank Ltd	43.39
10	Ratnakar Bank Ltd	54.33
11	South Indian Bank Ltd	283.05
12	Tamilnad Mercantile Bank Ltd	162.69
13	Axis Bank Ltd	1,360.16
14	DCB Bank Ltd	91.87
15	HDFC BANK LTD.	1,609.56
16	ICICI Bank Ltd	2,063.45
17	IndusInd Bank Ltd	185.07
18	Kotak Mahindra Bank Ltd	558.72
19	Yes Bank Ltd	52.31
20	IDFC BANK LIMITED	0.00
21	BANDHAN BANK LIMITED	0.47
Total		8,673.72

Steps Taken by RBI

To help customers and their families reclaim their unclaimed money, the RBI has advised banks to take several steps. These include:

1. Publishing a list of unclaimed deposits (those inactive for 10 years or more) on their official websites.
2. Making efforts to find and contact customers or their legal heirs, so the money can be returned to its rightful owners.
3. Setting up a proper grievance redressal system to handle complaints quickly, maintain proper records, and review unclaimed deposit accounts regularly.
4. Creating a policy approved by the bank’s board to classify and handle unclaimed deposits.

RBI has also taken steps to raise public awareness about this scheme. It has run campaigns through newspapers, radio, and digital platforms to inform people and make the process easier.

To make it even more convenient, the RBI has launched a centralized online portal called UDGAM (Unclaimed Deposits – Gateway to Access Information). This platform allows users to search for their unclaimed deposits across multiple banks in one place. As of July 1, 2025, over 8.59 lakh users had registered and used the UDGAM portal.

Regarding how the unclaimed money is used, RBI has clarified that under the 2014 Scheme, a Committee is responsible for managing and using the fund. The money in this fund is mainly used for the promotion of depositors’ interest and for other related purposes that support and protect the rights of depositors, as specified by the RBI.