Please refer to instructions at paragraph 6.1 of the circular captioned Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions, dated January 1, 2024. Reserve Bank has released today the draft circular on Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025 which modifies the aforementioned instructions.

The comments on the draft circular are invited from the public/ stakeholders till June 6, 2025. The comments/ feedback may be submitted through the link under the ‘Connect 2 Regulate’ Section available on the Reserve Bank’s website or may alternatively be forwarded to

The Chief General Manager
Business Conduct Group
Department of Regulation, Central Office
Reserve Bank of India, 12/13th Floor
Shahid Bhagat Singh Marg
Fort Mumbai – 400 001
Or
by email

(Puneet Pancholy)  
Chief General Manager

Inoperative accounts rules: public consultation open on proposed amendments to banks' handling of unclaimed deposits. The regulator has published a draft circular amending the Revised Instructions on Inoperative Accounts/Unclaimed Deposits, altering guidance referenced at paragraph 6.1. The draft proposes changes to banks' operational treatment of inoperative accounts and unclaimed deposits and invites public comments, to be submitted via the specified online portal or by written/email submission to the Chief General Manager, Business Conduct Group, Department of Regulation at the central office.