Rs 3,400 crore unclaimed in Karnataka bank accounts: RBI official
Mangaluru: Around Rs 3,400 crore has remained unclaimed in bank accounts across Karnataka for more than a decade, officials said during the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting held here on Wednesday.
Arun Kumar, Assistant General Manager of the Reserve Bank of India (RBI), Bengaluru Regional Office, said the central bank has launched a state wide campaign under the Depositor Education and Awareness Fund (DEAF) to help people recover unclaimed deposits. The special drive, which began three months ago, will continue till December 31, though depositors can approach banks even after the deadline, The New Indian Express reported.
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He reportedly said nearly 80 per cent of unclaimed accounts have balances of less than Rs 10,000. Many of them are decades old, lack updated mobile numbers or KYC details, and in several cases, the original account holders are no longer alive. Updating mobile numbers and customer details has been taken up as the first step in the campaign.
The unclaimed money includes deposits in savings, fixed deposit and current accounts. Customers can also check for unclaimed deposits through the UDGAM online portal.
Dakshina Kannada Lead Bank District Chief Manager Kavitha Shetty said around Rs 140 crore remains unclaimed in nearly six lakh bank accounts in the district alone. So far, Rs 20 crore has been returned to depositors of 830 accounts under the DEAF scheme.
Dakshina Kannada MP Capt. Brijesh Chowta called for stronger awareness efforts and urged banks to proactively inform customers through pamphlets and direct outreach. He also raised concerns over delays in implementing welfare schemes and stressed the need for better execution of programmes such as PMJDY, PMJJBY, PMSBY and APY.
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CBSE announces results for Class 10 board exams
New Delhi (PTI): The Central Board of Secondary Education (CBSE) on Wednesday announced results for Class 10 board exams, officials said.
"The results have been declared," a senior board official said.
The CBSE started with two editions of board exams for Class 10 from this year. It was mandatory for students to appear in the first edition, the results of which have been declared.
