Unclaimed Money: 67,003 crores are lying unclaimed in banks, if you are a claimant then how can you claim it?

All the public and private banks of the country are controlled by the Reserve Bank of India, on whose guidelines the public and private banks work in the country. Recently, the Parliament was informed on Monday that the total amount of unclaimed deposits in banks (including private banks) has reached Rs 67,003 crore by 30 June 2025.

According to the data of the Reserve Bank of India (RBI), out of this, Rs 58,330.26 crore is lying in public sector banks, while Rs 8,673.72 crore is deposited in private banks, which have not been claimed by anyone.

SBI has the highest unclaimed amount

State Bank of India (SBI) is at the forefront among the public sector banks, which has Rs 19,329.92 crore lying unclaimed. After this, Punjab National Bank (PNB) has Rs 6,910.67 crore, and Canara Bank has Rs 6,278.14 crore. Minister of State for Finance Pankaj Chaudhary gave this information in a written reply in the Lok Sabha.

Among private banks, ICICI Bank has the highest unclaimed deposits of Rs 2,063.45 crore. After this, there is no claimant for Rs 1,609.56 crore in HDFC Bank and Rs 1,360.16 crore in Axis Bank.

How can you claim the unclaimed amount?

If your family member or relative who has died in the bank has declared you as the nominee in the bank account, then you can claim the unclaimed amount deposited in the bank with valid documents. The bank will transfer the unclaimed amount to your account after completing some paperwork.

Government's stand on crypto and VDA
Minister of State for Finance Pankaj Chaudhary said that the government currently has no plans to introduce an Exchange Traded Fund (ETF) for any virtual digital asset (VDA) to include them in the general financial market.

He said that the Reserve Bank has warned users, holders, and traders of virtual currency or crypto assets about their potential risks, such as economic, financial, operational, legal, and security risks.

Apart from this, Chaudhary said that RBI has advised its regulated entities in its circular dated 31 May 2021 to do a full customer check (KYC) on transactions in virtual currency and follow all the rules to prevent money laundering, prevent financing of terrorism and under PMLA 2002.

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