Effective 23 May, 2014, the Reserve Bank of India has asked banks to transfer balances of unclaimed and inoperative accounts, greater than 10 years, to RBIs DEAF Scheme. This is a monthly activity and the balance of the accounts falling under this category, will be transferred by RBS to RBI on the last working day of the month. The type of accounts falling under this category will be Savings Accounts, Current Accounts, Overdraft Accounts and any unclaimed amounts.
For further details and queries please walk into our Branches.
Cheque / draft / pay order is valid only for a period of 90 days from the date of issuance.
To register a nominee for your deposit account, please fill the nomination form available under the Form Center section and courier it to our Branch/TMU Operations Unit. For details on our branch/TMU operations unit, click here.