Friday, March 15, 2013

2,500cr lying unclaimed in bank a/cs

....The largest stash of unclaimed money is in the savings accounts of nationalized banks, where Rs 425 crore lie in 8.7 million accounts. State Bank of India, not surprisingly, leads the pack. Agrawal was shocked that the RBI was not taking any action on dormant accounts. It can be assumed that all these accounts hold a small amount that people tend to forget or ignore...........

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