https://www.taxtmi.com/news?id=61684 RBI directs banks to identify, trace and return unclaimed and inoperative account funds through proactive depositor contact and verification, supported by UTLBC settlement camps. The Scheme for Facilitating Accelerated Assets Pay-out - Inoperative Accounts and Unclaimed Deposits provides a differential pay out to banks that reactivate inoperative accounts and settle unclaimed deposits within the scheme period, subject to a cap based on account balance or a fixed upper limit, to accelerate time bound settlement. en-us Sat, 15 Nov 2025 00:46:03 +0530 Sat, 15 Nov 2025 00:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61684 RBI directs banks to identify, trace and return unclaimed and inoperative account funds through proactive depositor contact and verification, supported by UTLBC settlement camps. The Scheme for Facilitating Accelerated Assets Pay-out - Inoperative Accounts and Unclaimed Deposits provides a differential pay out to banks that reactivate inoperative accounts and settle unclaimed deposits within the scheme period, subject to a cap based on account balance or a fixed upper limit, to accelerate time bound settlement. News - Sat, 15 Nov 2025 00:46:03 +0530 https://www.taxtmi.com/news?id=61684