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RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paid

The Reserve Bank of India (RBI) has issued comprehensive guidelines on the measures to be implemented by the banks covering various aspects. The revised instructions shall come into effect from April 1, 2024, stated RBI. ....

Reserve Bank , Standing Instructions , Direct Benefit Transfer , Government Schemes , Video Customer Identification Process , Master Direction , Unclaimed Savings Accounts , Inoperative Accounts ,