GlobalMoneynews

Public sector banks SBI and PNB maintain bulk of unclaimed deposits

right here are not any takers for over Rs 42,000 crore of deposits with banks and this has gone up 2.5x instances within the post-Covid interval. Pushed largely by financial savings accounts turning inoperative/dormant and glued deposits not redeemed, unclaimed deposits with scheduled banks crossed ₹42,000 crore as of March 2023.



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