Over 51 thousand 576 crore rupees lying unclaimed with the banks, mutual funds, PF and, insurance companies in the country: FM Nirmala Sitharaman

The Government informed that over 51 thousand 576 crore rupees lying unclaimed with the banks, mutual funds, provident funds, and insurance companies in the country. Replying to a question in the Rajya Sabha, Finance Minister Nirmala Sitharaman said that according to the RBI, 24 thousand 356 crore rupees in over Eight Crore 13 lakh inoperative accounts in various Scheduled Commercial Banks and Two thousand 341 Crore rupees in 77 lakh inoperative accounts with Urban Cooperative Banks are lying un...