Unclaimed Deposits - DEAF Accounts
Any account with outstanding credit or any deposit in India that has not been operated for a period of ten years, or any amount remaining unclaimed for more than ten years, will be transferred to the Depositor Education and Awareness (DEA) Fund of the RBI. This transfer will take place within three months from the expiration of the ten-year period. The claim for unclaimed deposits can be lodged by the customer, survivor, legal heir, or authorized signatory, depending on the situation.
The claim process is as follows:
1. Claim by Self:
Customer may visit the base branch of the Bank and submit the Claim form duly filled and signed along with a valid proof of identity, address & latest photograph. On verification of the same branch shall convert account into operative category and allow transactions in the account.
2. Claim by Legal Heir / Nominee:
For the claim process, the Legal Heir / Nominee can visit the base branch of the Bank and submit the required documents as advised by the Branch and has also to comply with the claim settlement process of the Bank.
3. Claim by Non-Individual:
For claim of Non-Individual accounts, the customer needs to submit the Claim form on the Company’s/ Firm’s / Institution’s letterhead duly signed by the authorized signatories along with their valid identity and address proofs. The customer may also be required to submit such other documents as may be requested by the Bank.
Note: Please carry original documents for verification. To identification of your deposit click on below Proceed button.
