The Reserve Bank of India (RBI) has announced the launch of a new centralised web portal to search for unclaimed deposits that are more than ten years old.
In June 2014, RBI had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the DEA Fund will be 4 per cent simple interest per annum.
Haridwar, Jun 30: Yoga guru Swami Ramdev today took exception to the manner in which bodies of people killed in the natural calamity in Uttarakhand were being treated by the authorities, saying they should be
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