Madikeri, Dec. 8: District Collector Venkat Raja launched the 'Your Money, Your Right' awareness camp to get back their deposits and insurance premiums that have been lying in the bank for a long time and their owners or legal heirs.
He spoke after launching the awareness campaign held at the city's District Magistrate's Office. More awareness should be created by informing the customers who have not received their money and insurance premiums in the bank for a long time due to various reasons. There is about 33 crore money in the bank accounts of 1.41 lakh people in the district for a long time, and these heirs can get the money back. In that regard, he said, information should be made available to every customer.
G.P.M. CEO Anand Prakash Meena said that the money in the bank account that has been dormant for more than 10 years and the unclaimed deposits will be transferred to the DEAF fund by RBI. Therefore, the legal heirs of the concerned customers can get the money back at any time. He suggested that awareness should be created everywhere in this regard. He explained that the customers should be able to take advantage of the camp with their identity documents along with the eligibility letter. 4To the fifth page
RBI Assistant General Manager Nisha said that as per the guidelines of the Ministry of Finance of India, an awareness program will be held for the legal heirs till December 31 in all the branches of banks, insurance and other departments.
He said that this camp has been organized to get back the financial assets that have not been claimed for a long time to the legal heirs. On this occasion, the money in their accounts was handed over to some depositors online. Gangadhar Nayak, District Manager, Gudi Bank spoke about the importance of the ‘Your Money, Your Right’ camp.
The poster on ‘Your Money, Your Right’ was released by District Magistrate Venkat Raja, G.P. CEO Anand Prakash Meena, RBI Assistant General Manager Nisha. Managers of various banks in the district, branch managers of Life Insurance Corporation of India and others were present.
Further information: RBI is helping you get back the money that belongs to you if you have forgotten the money in your old bank account.
The money in your bank’s fixed account (which has not moved for two to ten years)/unclaimed deposits (more than 10 years) will be transferred to the RBI fund. You or your legal heirs can claim it anytime
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