Do you Know - These are the total Unclaimed Deposits in Indian Banks
🟢Punjab National Bank - ₹4966.66 Cr
🟢State Bank of Indian - ₹4021.13 Cr
🟢Bank of Baroda - ₹3333.44 Cr
🟢Canara Bank - ₹3192.01 Cr
🟢Union Bank of India - ₹2809.74 Cr
Indian banks have more than ₹31077.88 cr. unclaimed deposits of customers
Reasons :
❗ parents keep financial secret
❗ laziness to add nominee
❗ delay updating phone number and address
❗ finance discussions are considered awkward and humiliating in families
❗️ PSU Banks have transferred unclaimed deposits of over ₹35,000 crore at Feb end to the RBI.
💎 This large sum belongs to 10 crore Savings account which haven't been operated for 10 years or more.
🙏 Reminding once again, please update your nominees with your bank if you haven't.
It's a very wise decision of getting and Estate planning done, let's be responsible parents and leave the legacy for next gen. A lot of families lost their family members' hard earned money
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