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Unclaimed deposits with banks rise 26 pc to Rs 78,213 crore

Unclaimed deposits with banks rise 26 pc to Rs 78,213 crore
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PSBs, led by SBI and PNB, hold bulk of unclaimed deposits - The Hindu BusinessLine

PSBs, led by SBI and PNB, hold bulk of unclaimed deposits - The Hindu BusinessLine
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Yearender 2023: 9 Major Changes In Personal Finance Rules For Senior Citizens

Yearender 2023: 9 Major Changes In Personal Finance Rules For Senior Citizens
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Year-end special 2023: RBI initiatives cheer bank customers in 2023, but credit card holders contend with fewer benefits

Yearender 2023: From launching the UDGAM portal for unclaimed deposits to instructing banks on timely return of property documents to borrowers, the central bank initiatives made life easy for bank customers. RBI’s stance on interest rates will be keenly watched in 2024, with some market watchers expecting reduction in rates from the second half of next year.

Unclaimed deposits with banks soar to ₹42,270 crore, up 28%

Compared to the preceding financial year of FY22, where the unclaimed deposits with both public and private sector banks stood at ₹32,934 crore, the current figure represents a noteworthy increase to ₹42,272 crore by the end of March 2023, marking a 28 percent rise.

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