Minister of State, Dr Bhagwat Karad pointed that these banks collected over Rs 21,000 crore on account of non-maintenance of minimum balance, while over Rs 8,000 was generated due to additional ATM transactions, and SMS services added over Rs 6,000 crore.
RBI said it has decided to develop a web portal that would provide the facility of searching across multiple banks for possible unclaimed deposits. The search results will be enhanced by certain artificial intelligence tools.
New Delhi, April 3 (IANS) The Public Sector Banks (PSBs) have transferred unclaimed deposits (till February 2023) of Rs 35,012 crore to the RBI, the Lok Sabha was informed on Monday.
Among the PSBs, SBI tops the list with an unclaimed amount of Rs 8,086 crore, while Punjab National Bank has Rs 5,340 crore and Canara Bank has Rs 4,558 crore.Acco
Among the PSBs, SBI tops the list with an unclaimed amount of Rs 8,086 crore, while Punjab National Bank has Rs 5,340 crore and Canara Bank has Rs 4,558 crore.Acco