Unclaimed deposits with banks soar to ₹42,270 crore, up 28% shows Parliament data.

Banking & Finance

Compared to the preceding financial year of FY22, where the unclaimed deposits with both public and private sector banks stood at ₹32,934 crore, the current figure represents a noteworthy increase to ₹42,272 crore by the end of March 2023, marking a 28 percent rise.Of the total unclaimed deposits, a substantial sum of ₹36,185 crore remained with public sector banks, while ₹6,087 crore was attributed to private sector banks by the end of March 2023.


      The latest data unveiled in Parliament on December 19 indicates a significant surge of 28 percent in unclaimed deposits held by banks, reaching a total of ₹42,270 crore as of March 2023.

     

     

 

     


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