Unclaimed Deposits
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What Happens with ‘Unclaimed Deposits’ in Banking
The world of banking is not just about transactions and interest rates; it also involves a lesser-known aspect that concerns unclaimed deposits. Unclaimed deposits can occur for various reasons, such as dormant accounts, account holders relocating without updating information, or in unfortunate cases, when an account holder passes away without proper succession planning. In this article, we’ll delve into the…
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Depositor Education and Awareness Fund (DEAF)
In the financial landscape of India, the Depositor Education and Awareness Fund (DEAF) stands as a significant initiative aimed at safeguarding the interests of depositors and promoting financial literacy. This fund plays a crucial role in enhancing awareness among depositors and ensuring the protection of their rights. In this article, we will delve into the intricacies of DEAF, understanding its…
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