‘100 Days 100 Pays’ Campaign

June 7, 2023

The Reserve Bank of India (RBI) launched the ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits

As of February 2023, the total amount of unclaimed deposits transferred to the RBI by public sector banks (PSBs) reached Rs 35,012 crore.

Balances in savings / current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as “Unclaimed Deposits”.
These amounts are transferred by banks to “Depositor Education and Awareness” (DEA) Fund maintained by the Reserve Bank of India.
The campaign is aimed for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days.