Overview

• The 'Scheme for Facilitating Accelerated Payout of Inoperative Accounts and Unclaimed Deposits' runs from October 1, 2025 to September 30, 2026.
• Banks receive 5% of the amount or Rs 5,000 (whichever is lower) for accounts inoperative up to four years and 7.5% or Rs 25,000 for balances unclaimed for over ten years.
• The RBI circular also specifies intermediate tiers: 6% up to Rs 10,000 for four to eight years of inactivity and 7% up to Rs 15,000 for eight to ten years.
• Claims for these incentives must be filed each quarter within one month of quarter-end in a prescribed format signed by a senior executive designated by top management.
• The RBI says the goal is to cut the stock of unclaimed deposits and curb fresh transfers to the DEA Fund, with unclaimed balances reported at over Rs 67,000 crore as of June and search support available via the UDGAM portal.