<h1>Regulators Ordered to Fast-Track Unclaimed Deposit Refunds and Simplify KYC Procedures for NRIs and Customers</h1> Financial regulators are directed to expedite refunds of unclaimed deposits and simplify Know Your Customer (KYC) processes. The Finance Minister emphasized streamlining procedures, particularly for Non-Resident Indians, and conducting district-level camps to return unclaimed amounts from banks, insurance, and pension funds. Unclaimed bank deposits have increased to Rs 78,213 crore. The Financial Stability and Development Council also discussed cybersecurity, financial sector resilience, and inter-regulatory coordination.