Indian banks have Rs 67,003 crore of unclaimed deposits as of 30 June 2025, with State Bank of India (SBI) topping the list.

Public sector banks accounted for Rs 58,330.26 crore of this, with Rs 19,329.92 crore coming from SBI itself. Punjab National Bank (PNB) had Rs 6,910.67 crore of unclaimed deposits while Canara Bank was third-placed at Rs 6,278.14 crore, according to data tabled in Parliament.

Private sector banks moved Rs 8,673.72 crore of unclaimed deposits to the Reserve Bank of India’s Depositor Education and Awareness (DEA) Fund.

ICICI Bank topped the list with Rs 2,063.45 crore, followed by HDFC Bank Rs 1,609.56 crore and Axis Bank Rs 1,360.16 crore, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. 

As per RBI rules, inactive savings and current accounts for 10 years and term deposits unclaimed for 10 years after maturity are classified as unclaimed and transferred to the DEA fund.

Non-banking financial companies (NBFCs) are not required to make such transfers. State-wise data is not maintained, the finance ministry said.

For facilitating claim settlements, the RBI has asked banks to publish lists of unclaimed accounts, track customers or legal heirs and provide grievance redressal mechanisms. It also launched the UDGAM portal, which users can log on to search unclaimed deposits across multiple banks. There were 859,683 users who had registered to access the portal as of 1 July 2025.

The unclaimed deposits fund is managed by a committee and is used for promotion of depositors' interest and other purposes permitted under the Depositor Education and Awareness Fund Scheme, 2014.