Money in inactive accounts moved to RBI DEAF remains reclaimable
Business
If your old bank account hasn't seen any action for a couple of years, don't worry, your money isn't lost.
After 10 years of no claims, the funds are moved to RBI's Depositor Education and Awareness Fund (DEAF), but you still have full rights to get it back.
Owners nominees legal heirs use UDGAM
Owners, nominees, or legal heirs can reclaim the cash by visiting their bank.
RBI's UDGAM portal helps you track down forgotten accounts using your details and find which bank to contact.
To get your money, bring identification and account information; heirs need extra documents like a death certificate.
There's no deadline. You can claim any time.