RBI launches ‘100 days 100 pays’ Campaign for Return of Unclaimed Deposits w.e.f. June 1st 2023

RBI launches - 100 days 100 paysCampaign for Return of Unclaimed Deposits - TAXSCAN

The Reserve Bank of India (RBI) has launched the ‘100 days 100 Pays’ Campaign with effect from 1st June 2023. The campaign strives to return the unclaimed deposits in the savings / current accounts. “Unclaimed Deposits’ are balances in savings or current accounts that have not been used for 10 years or term deposits that…

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