Reserve Bank on May 12 2023 has launched ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits. The Reserve Bank of India announced a ‘100 Days 100 Pays’ campaign for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days.
This measure will complement the ongoing efforts and initiatives by the Reserve Bank to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners/ claimants.
The banks will commence the campaign from June 01, 2023.
