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Year-end special 2023: RBI initiatives cheer bank customers in 2023, but credit card holders contend with fewer benefits

Yearender 2023: From launching the UDGAM portal for unclaimed deposits to instructing banks on timely return of property documents to borrowers, the central bank initiatives made life easy for bank customers. RBI’s stance on interest rates will be keenly watched in 2024, with some market watchers expecting reduction in rates from the second half of next year. ....

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Unclaimed deposits with banks soar to ₹42,270 crore, up 28%

Compared to the preceding financial year of FY22, where the unclaimed deposits with both public and private sector banks stood at ₹32,934 crore, the current figure represents a noteworthy increase to ₹42,272 crore by the end of March 2023, marking a 28 percent rise. ....

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RBI's Udgam portal: How to check details of unclaimed deposits? A step-by-step guide

Depositors can view information relating to their unclaimed deposits on Udgam portal which was created in collaboration with Reserve Bank Information Technology (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and other institutions ....

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ACTA President to QNA: National Day a significant milestone to reaffirm patriotism, support for wise leadership

ACTA President to QNA: National Day a significant milestone to reaffirm patriotism, support for wise leadership ....

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Over ₹42k crore of unclaimed deposits in Indian banks, amount rose by 28%

The rate of unclaimed deposits in Indian banks has risen by 28% in this financial year, with the amount now totaling up to ₹42,270 crore. ....

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