India’s Unclaimed Bank Deposits Reach ₹67,003 Crore as of June 2025.
Banking & Finance
As of June 30, 2025, banks across India held ₹67,003 crore in unclaimed deposits—funds remaining dormant without any claim by account holders or claimants—according to information shared in Parliament. The Reserve Bank of India (RBI) has launched digital tools and reforms to help citizens reclaim these funds efficiently.
- Unclaimed deposits refer to funds in savings, fixed, or recurring bank accounts that have remained inactive for over 10 years, with no withdrawal, deposit, or communication from the account holder or their nominee. Such inactive accounts are periodically reviewed and reclassified as inoperative under RBI regulations.
- As of June 2025, public sector banks held the lion’s share with ₹58,330.26 crore in unclaimed deposits, while private sector banks accounted for ₹8,673.72 crore. Among public banks, State Bank of India (SBI) led with ₹19,329.92 crore, followed by Punjab National Bank (₹6,910.67 crore) and Canara Bank (₹6,278.14 crore). Among private banks, ICICI Bank topped the list with ₹2,063.45 crore.
Main Point :- (i) According to the RBI’s Report on Trend and Progress of Banking in India, 2023–24, unclaimed deposits had previously surged to ₹78,213 crore by March 2024, marking a 26% year-on-year increase. This amount is part of the Depositor Education and Awareness (DEA) Fund, used for depositor awareness initiatives and safeguarding unclaimed funds.
(ii) In response to rising dormancy, the RBI launched the UDGAM Portal (Unclaimed Deposits – Gateway to Access inforMation) in August 2023, enabling users to search for unclaimed deposits across multiple banks via their name, bank name, or Unclaimed Deposit Reference Number (UDRN). As of early July 2025, over 859,683 users have registered on UDGAM.
(iii) To help citizens reclaim dormant funds, new RBI guidelines issued in May–June 2025 allow customers to update their Know Your Customer (KYC) details at any bank branch, use video KYC, or receive help from business correspondents, especially in rural areas. These reforms aim to reduce procedural barriers and enable faster fund recovery.
About RBI
Governor : Sanjay Malhotra
Headquarter : Mumbai
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