₹452 Crore in Unclaimed Deposits Lying in Thane Banks
Thane: Believe it or not, over ₹452 crore is sitting unclaimed in various banks across Maharashtra’s Thane district. These funds are linked to more than 11 lakh dormant accounts, many of which have been inactive for years.
To tackle this, the Bank of Maharashtra — as Thane’s lead bank — has rolled out a special awareness drive called “Claim Your Unclaimed Deposits” under the national campaign “Your Wealth, Your Right.” The initiative is backed by the Department of Financial Services, Ministry of Finance, and the Reserve Bank of India (RBI).
Campaign Runs Till December 31
The campaign, which began on October 1, will continue through December 31, covering every major bank in Thane. During this period, banks will organize public awareness camps, customer outreach programs, and special help desks to guide citizens through the claim process.
According to an official release, deposits worth ₹452.39 crore belonging to 11.38 lakh account holders remain unclaimed in the district.
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How to Reclaim Your Money
“Depositors have the full right to reclaim their money, even if it has already been transferred to the Depositor Education and Awareness Fund (DEAF),” said Abhishek Pawar, Lead District Manager of Thane.
Citizens can easily verify if they have any dormant or forgotten accounts by visiting the RBI’s official UDGAM portal (https://udgam.rbi.org.in). The platform allows users to search across multiple banks using simple details like name and date of birth.
Alternatively, people can visit their bank branches, fill out a claim form and KYC verification, and get their funds released.
A Call to Citizens
Pawar urged residents to take this campaign seriously:
“Many people are unaware that old or dormant accounts—whether savings, deposits, or PPF—still hold their money. We appeal to citizens to check for themselves and their family members before December 31.”
Why It Matters
Unclaimed deposits typically include forgotten savings accounts, matured fixed deposits, and old joint accounts. When banks fail to contact the account holder for ten years, the money is transferred to the RBI’s DEAF fund — but the rightful owners can claim it anytime with valid documents.
This campaign isn’t just about returning money — it’s about restoring trust and awareness among citizens. It’s a reminder that your old savings could still be waiting for you.
