The Udaipur Mahila Samridhi
Urban Co-operative Bank Ltd.
The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd. follows Reserve Bank of India (RBI) guidelines regarding identification, monitoring, reporting, and settlement of unclaimed deposits and inoperative accounts.
Accounts which remain inoperative or inactive for a prolonged period are classified as unclaimed deposits in accordance with RBI norms. Such balances are transferred to the Depositor Education and Awareness Fund (DEAF) maintained by Reserve Bank of India after the prescribed period.
The Bank continuously encourages customers to update KYC, operate accounts regularly, and claim unclaimed deposits through simplified customer assistance procedures.
Unclaimed deposits are managed strictly as per RBI and DEAF guidelines.
Customers and legal heirs may approach the Bank for claiming eligible deposits.
Eligible inactive balances are transferred to RBI's Depositor Education and Awareness Fund.
Customers can search unclaimed deposits through the Bank's online DEAF search portal.
Board Approved Policy Document
Customers are advised to regularly operate their accounts, update KYC details, nominee information, mobile number, and contact details to avoid accounts becoming inoperative or unclaimed.
Customers may contact the concerned branch or Head Office for assistance related to unclaimed deposits and DEAF claims.