RBI started 100 Days-100 Pay campaignImage Credit source: PTI
Current Affairs: in almost all competitive exams RBI Questions are asked from the new policy of the country and the economy of the country and abroad. In the episode of Current Affairs, we will learn about the 100 Days-100 Pay campaign launched by the Reserve Bank of India. Under this campaign, all the banks have to trace the top 100 such accounts of every district for 100 days and find their real claimants, in which money has been lying idle for a long time.
Means no claimant of that amount has come forward for a long time. The Central Bank has also started a portal at its level for the convenience of the genuine claimants of such amount. Let us know about it in detail.
read this also: Which university topped in NIRF Ranking 2023, who lost in rank
This campaign for unclaimed money
Through this effort, the central bank intends to reduce the amount of unclaimed deposits and to reach such amount to the real claimants. The central bank considers that amount unclaimed, which has not been touched by the depositor for ten years or more.
All banks give information about all such accounts and the amount deposited in them to the Reserve Bank of India every year. The Reserve Bank of India has made arrangements to keep such amount in the Depositors Education and Awareness Fund.
Till February 2023, different banks have deposited Rs 35012 crore in this account. In this, SBI has deposited 8086 crores, PNB 5340 crores, Canara Bank 4558 crores, Bank of Baroda has deposited 3904 crores. Similarly, some or the other amount is lying unclaimed with all the banks.
RBI gave special instructions to banks
The Reserve Bank has asked all the banks to put the details of such accounts on the bank’s website. If a claimant comes forward, the amount can be returned to him under the prescribed rules.
Apart from this campaign, the Central Bank has also set up a portal to ensure that such amount reaches the right claimants. It has been specially created for the purpose of searching such people, who can be claimants of the deposited amount.
: Language Inputs