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IRDAI issues new circular to help speedy disbursal of unclaimed insurance money

Due to an increase in unclaimed amounts and concerns from insurers over regulatory compliance, the Insurance Regulatory & Development Authority of India (IRDAI) modified the Master Circular on unclaimed amounts of policyholders

Insurance regulatory development authority of indiaInsurance regulatoryDevelopment authorityMaster circularUnclaimed amountsAccount aggregatorsUnclaimed depositsUnclaimed deposit policyholdersUnclaimed in licUnclaimed amount in insurance

RBI wields its Regulatory Authority again; penalizes four UCBs

The Reserve Bank of India wielded its regulatory authority, slapping monetary penalties on four cooperative

Madhya pradeshAnjangaon surjiBombay mercantile cooperative bankAnjangaon surji nagari sahakari bankPusad urban cooperative bankPusad urban bank ltdShillong urban bankBombay mercantile bank ltdSri satya sai nagrik sahakari bank maryaditNakodar hindu urban cooperative bankNavnirman cooperative bankZoroastrian cooperative bankReserve bankPusad urban cooperativeAnjangaon surji nagari sahakari bank limitedBanking regulation act

Four UCBs penalized; Fine of Rs 63 lac on Bombay Mercantile Co-op Bank

Reserve Bank of India imposed monetary penalties on four cooperative banks for breaching the RBI norms.

Nakodar hindu urban cooperative bankNavnirman bank ltdZoroastrian cooperative bankNakodar hindu urban cooperative bank ltdZoroastrian bank ltdJai prakash narayan nagari sahakari bankGuru raghavendra sahakara bankBombay mercantile cooperative bankBombay mercantile bank ltdNavnirman cooperative bankReserve bankNavnirman cooperativeIncome recognitionAsset classificationSupervisory action frameworkZoroastrian co operative bank ltd

How to claim unclaimed deposits and investments? All you need to know

The final part on unclaimed investments explores the role of technology, fees, and recovery advisory platforms. It also highlights the importance of making nominees aware of investments and maintaining comprehensive records.

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RBI UDGAM: Find Out Unclaimed Amount In Banks, Here s How

RBI UDGAM: Find Out Unclaimed Amount In Banks, Here s How
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