Thousands of crores of rupees are lying dormant in the banks of the country, you will be surprised to know the figure


Inactive Bank Accounts: The winter session of Parliament is going on and Finance Minister Nirmala Sitharaman informed the Rajya Sabha yesterday (Tuesday) that an amount of Rs 26,697 crore is lying dormant in the banks of the country. This simply means that the holders of those accounts have neither done any transaction in their accounts nor have done any other activity of any kind.

Some accounts inactive for 10 years
Along with this, an interesting thing is that out of these idle accounts, there are 9 crore accounts which are inactive for the last 10 years i.e. their owners do not even care about these accounts. This figure is as of 31 December 2020 and their account holders are not operating these accounts at all.

Co-operative bank accounts also included
These accounts include co-operative bank accounts apart from private banks and this information has come through the Reserve Bank of India. According to the information received from RBI, the total number of such accounts in public sector banks (SCBs) as on 31 December 2020 was 8 crore 13 lakh 3 thousand 849 and a total of Rs 24,356 crore are lying in such accounts.

As far as Urban Co-operative Banks (UCBs) are concerned, the number of accounts not operated for more than 10 years stood at 77,03,819 and the amount lying dormant in it is Rs 2,341 crore as deposits.

Reserve Bank issued circular
The Reserve Bank has issued a circular in which banks have been advised to contact the owners of these lying dormant accounts or get such accounts revived by locating the nominee.

what is bank rule
Such accounts in which no transaction has taken place for 2 years are considered as dormant accounts and money can be deposited in these but cannot be withdrawn. Such amount is called unclaimed fund and the Finance Minister said in Rajya Sabha yesterday that it will be used as it was earlier. That is, this amount will go to the Depositor Education and Awareness Fund of RBI. If someone wants his money back from banks, then this amount will be returned to him along with interest.

read this also

GST: GST collection in November stood at Rs 1.31 lakh crore, the second highest ever GST collection

Demat Account: Know how many types of demat accounts are there, if you have to enter the stock market, then the account will have to be opened



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button