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Can you still claim money from a dormant bank account? RBI says yes — here's how
Published 2026-05-28 · Bazaar Watch Research
- The RBI confirms that forgotten savings in dormant bank accounts can still be claimed by account holders.
- Unclaimed deposits can be recovered from the RBI’s DEAF fund using simple verification and KYC steps.
- Dormant bank account rules in India are designed to protect account holders' forgotten savings.
- The RBI established the DEAF fund to centralize and manage unclaimed deposits for eventual recovery.
- Indian retail investors with old or forgotten bank accounts are directly impacted.
- Individuals who previously considered their unclaimed deposits lost can now retrieve them.
- Understand the specific rules and procedures for reclaiming funds from dormant accounts.
- Initiate the verification and KYC process with your bank to recover your unclaimed deposits.